Fraud Alert - Amma Has Over $300,000,000 In Foreign Banks!

"Hug of Death" cult leader Amma Amritanandamayi is swindling and damaging the poor through her AIMS Hospital and defrauding her gullible neglected devotees. Determined investigators are uncovering a massive fraud!

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The following post was just made to another discussion group. It confirms that Amma now has over US $300 million parked in foreign bank accounts. Possibly even more than the $342 million calculated, as these are the 2012 figures!!

"The 2011-12 foreign contribution report (from 4/1/2011 through
3/31/2012) for the Mata Amritanandamayi Math is up now on the FCRA
website:

http://fcraonline.nic.in/fc3_verify.aspx?RCN=052930183R&by=2011-2012

The amount of foreign contributions during this period was 1,191,596,739
Rs. Using the average exchange rate during this period of 48 Rs to 1
US$, this is $24.8 million. Around three-quarters of this was for
"Construction/Running of hospital/dispensary/clinic". After reading up
on the subject, my understanding is that the state of Kerala pays for
care given by Amma's district medical care facilities, while the
government of India pays for the small amount of care given to the poor
at AIMS. Therefore, most of these funds were likely used to purchase
expensive medical equipment or for the construction of more commercial
hospital buildings and infrastructure.

Toward the end of the institutional donor list, bank interest is once
again the largest item. It is 205,169,556 Rs, or $4.27 million for this
year! Bank interest for 2006-7 was $2.17 million (at 45 Rs to 1$ then).
So the amount of bank interest has almost doubled during this five year
period, and the amount on deposits in banks has more than doubled, given
that interest rates have fallen.

I researched the best annual interest rates being paid on bank deposits
these days. For U.S. dollar accounts, it is 1.05%. For euros, it is 1.2%
in Germany and 1.6% in the UK. Dividing the $4.27 million of foreign
interest income by a representative 1.25% rate of interest, gives an
amount on deposit in banks of $342 million!

Can anyone tell me why Amma, who is supposed to be providing so much
humanitarian aid and help to the poor, needs to keep over $300 million
in bank accounts?"

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