Self-styled godman Nithyananda, who fled the nation final yr, on Saturday unveiled the foreign money of Kailasa, the nation he claims to have based on a small island off the coast of Ecuador. Saying the launch of the ‘Reserve Financial institution of Kailasa’ on the event of Ganesh Chaturthi, he mentioned on his official Fb account that the financial institution provided its foreign money on the ft of Lord Ganesha and Paramashiva.
Nithyananda, who’s an accused in a 2010 rape case, had revealed the main points of the financial institution in a video not too long ago and claimed that “all the things was legally established” and he was ready for the auspicious competition to announce all the main points, together with details about the nation’s economic system and insurance policies.
Nithyanada mentioned a 300 web page doc had been readied with all particulars concerning the financial insurance policies.
“Designing, foreign money, the economic system technique, how we’re going to be doing, inside foreign money utilization and exterior world foreign money alternate, all the things legally, we signed an MoU with a nation internet hosting our Reserve Financial institution and all the things is legitimately established” the godman identified.
In keeping with Nithyananda, Kailasa, the nation he not too long ago based had entered into an settlement with an unnamed nation that can host the brand new reserve financial institution.
“Every thing is legally and legitimately established, reserve financial institution of Kailasa, legitimately established with all of the construction completed based mostly on the Vatican Financial institution,” he noticed.
Among the many main duties of the financial institution will probably be managing the MahaKailasa economic system by dealing with all of the donations that pour in from devotees from the world over.
“Every donation in any nation belongs to that nation’s NGO, follows that nation’s legal guidelines. Working with these nations (in an) organised manner, utilizing that wealth to do the supposed work for which that wealth was supposed,” mentioned Nithyananada.
Within the video the background atmosphere was altering hues providing no inkling of the self-styled godman’s location.
The rape accused religious guru was suspected to have fled India in October 2019.
Authorities assume he acquired asylum in an island off the coast of Ecuador in South America within the South Pacific Ocean.
In December 2019, Nithyananda declared he had laid the muse of his personal Hindu nation Kailasa.
With inputs from IANS
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