TRUST with properties worth Rs 5.000 cr in city laces funds misuse charge.
By Naresh Kamath for the Hindustan Times.
MUMBAI: The Charity Commissioner has issued a show-cause notice to all seven trustees, of the Bombay Parsi Punchayet, one of Mumbai’s richer trusts asking them why they should no! be dismissed for blocking a probe into alleged financial irregularities.
The Punchayet has properties worth Rs 5,000 crore in Miimhai and controls some of ihe city’s must famous baugs like Cusrow Raug in Colaba and Rustom Baug in Byculla. It also allots houses to the poor in the community,
The commissioner has asked the trustees to give in their response on Seplember 22. If they are dismissed, an administrator will be appointed to oversee the trust’s affairs till an inspect ion of the Punchayets accounts for the last ten years is complete,
Percy Patel. a Dadar resident, had asked the commissioner for a special audit in 2008. He had alleged that the trustees had mismanaged funds and questioned a 10-vear lease given to a company for erecting hoardings at various locations, “arbitrary” purchase of construction materials without inviting tenders and favouritism in allotment of houses.
A probe in December 2008 by the commissioner’s accounts division revealed irregularities. The commissioner then appointed a firm to do special audit of the last ten years’ accounts and fixed a fee of Rs l.2 crores for it (9% of the trust’s annual income of Rs 12 crores. However, when the auditors visited the Punchayet’s office on August 05 this year, they were shown the door
Dinshaw Mehta. Chairman, Parsi Punchayet Funds and Properties* said; "We are not o|)posed to the audit. Our objection is that since we are a charitable trust, we should nut be chained such exorbitant fees".
[Hat Tip: Mickie Sorabjee and Arzan Ghadially]
Original article here.
Out of present 7 Trustees, 6 are no way concerned about past alleged irregularities. For proposed Special Audit to be meaningful, the Senior Officials of the Trust Office should be sent on Special Leave during the course of the propsed Audit. This is necessary to prevent likely manipulation of records.
If at all an Administrator is appointed, all that AZA will succeed would be in making ‘martyrs’/ heroes out of the existing trustees.
Out of present 7 Trustees, 6 are no way concerned about past alleged irregularities. For proposed Special Audit to be meaningful, the Senior Officials of the Trust Office should be sent on Special Leave during the course of the propsed Audit. This is necessary to prevent likely manipulation of records.
If at all an Administrator is appointed, all that AZA will succeed would be in making ‘martyrs’/ heroes out of the existing trustees.
The level these stoop to attain election success.
AZA with all its endevaours could not get a majority in getting its suported candidates elected.
It failed misserably in the sahara t.v programe and their greed for getting all those it thought are deserving get free accomodations.
The crowd pesent at that time had youngsters wanting to voice theor opinions against AZA.
The Trustee who sided or AZA sides with made a real poor show of his strenght with his remark as to the dath of an ex trustee
AZA stand though behind the scenes to suport the closure of the dokhmenishni system is now quite visible.They thought they would have a cake walk but proved inversly. The frustrations grow and so do their deeds.
Percy Patel’s and his cotorie wants the BPP to pay 1 crore 20 lakhs for auditing. Come what may, be whatever the consequences, Even though zoroastrianism and zoroastrians are afected negatively, these guys have to have their cake and at it too…
Ironically Their evil designs have proved contra to them, they ahve alerting Zoroastrians against their own misdeeds and hunger.
In any case, AZA should try and get their name cleared by atleast getting one
The level these stoop to attain election success.
AZA with all its endevaours could not get a majority in getting its suported candidates elected.
It failed misserably in the sahara t.v programe and their greed for getting all those it thought are deserving get free accomodations.
The crowd pesent at that time had youngsters wanting to voice theor opinions against AZA.
The Trustee who sided or AZA sides with made a real poor show of his strenght with his remark as to the dath of an ex trustee
AZA stand though behind the scenes to suport the closure of the dokhmenishni system is now quite visible.They thought they would have a cake walk but proved inversly. The frustrations grow and so do their deeds.
Percy Patel’s and his cotorie wants the BPP to pay 1 crore 20 lakhs for auditing. Come what may, be whatever the consequences, Even though zoroastrianism and zoroastrians are afected negatively, these guys have to have their cake and at it too…
Ironically Their evil designs have proved contra to them, they ahve alerting Zoroastrians against their own misdeeds and hunger.
In any case, AZA should try and get their name cleared by atleast getting one Zoroastrian property encroached by a non zoroastrian.There are many such zoroasrians who ave wilingly converting to other faiths due to intermariage, yet living off property meant for those practising zoroastrianism..There are instances where in living off a zoroastrian colony such them promote the faith they have converted to..
The level these stoop to attain election success.
AZA with all its endevaours could not get a majority in getting its suported candidates elected.
It failed misserably in the sahara t.v programe and their greed for getting all those it thought are deserving get free accomodations.
The crowd pesent at that time had youngsters wanting to voice theor opinions against AZA.
The Trustee who sided or AZA sides with made a real poor show of his strenght with his remark as to the dath of an ex trustee
AZA stand though behind the scenes to suport the closure of the dokhmenishni system is now quite visible.They thought they would have a cake walk but proved inversly. The frustrations grow and so do their deeds.
Percy Patel’s and his cotorie wants the BPP to pay 1 crore 20 lakhs for auditing. Come what may, be whatever the consequences, Even though zoroastrianism and zoroastrians are afected negatively, these guys have to have their cake and at it too…
Ironically Their evil designs have proved contra to them, they ahve alerting Zoroastrians against their own misdeeds and hunger.
In any case, AZA should try and get their name cleared by atleast getting one
The level these stoop to attain election success.
AZA with all its endevaours could not get a majority in getting its suported candidates elected.
It failed misserably in the sahara t.v programe and their greed for getting all those it thought are deserving get free accomodations.
The crowd pesent at that time had youngsters wanting to voice theor opinions against AZA.
The Trustee who sided or AZA sides with made a real poor show of his strenght with his remark as to the dath of an ex trustee
AZA stand though behind the scenes to suport the closure of the dokhmenishni system is now quite visible.They thought they would have a cake walk but proved inversly. The frustrations grow and so do their deeds.
Percy Patel’s and his cotorie wants the BPP to pay 1 crore 20 lakhs for auditing. Come what may, be whatever the consequences, Even though zoroastrianism and zoroastrians are afected negatively, these guys have to have their cake and at it too…
Ironically Their evil designs have proved contra to them, they ahve alerting Zoroastrians against their own misdeeds and hunger.
In any case, AZA should try and get their name cleared by atleast getting one Zoroastrian property encroached by a non zoroastrian.There are many such zoroasrians who ave wilingly converting to other faiths due to intermariage, yet living off property meant for those practising zoroastrianism..There are instances where in living off a zoroastrian colony such them promote the faith they have converted to..
We all are anxiously waiting for new elections of BPP soon though it is three years away. They have still not made an election code of conduct. I wonder why ?? Trustees must be busy. Let us all unite and live peacefully. We are very small in numbers in mumbai.
We all are anxiously waiting for new elections of BPP soon though it is three years away. They have still not made an election code of conduct. I wonder why ?? Trustees must be busy. Let us all unite and live peacefully. We are very small in numbers in mumbai.
We all are anxiously waiting for new elections of BPP soon though it is three years away. They have still not made an election code of conduct. I wonder why ?? Trustees must be busy. Let us all unite and live peacefully. We are very small in numbers in mumbai.
Can Rustom Jamasji tell us the amount spent on Lawyers in case of banned priests which boomeranged? Which would have been a better option for spending money – on audit or hare brained litigation?
Contradhongi, FYI the ‘hare brained’ litigation’ was thrust on the BPP by certain vested interests (case was initiated by the liberal lobby). BPP did not willingly enter that litigation – it was thrust on them. Hence were forced to spend on litigation fees to defend their stand.
Contradhongi, FYI the ‘hare brained’ litigation’ was thrust on the BPP by certain vested interests (case was initiated by the liberal lobby). BPP did not willingly enter that litigation – it was thrust on them. Hence were forced to spend on litigation fees to defend their stand.
Contradhongi, FYI the ‘hare brained’ litigation’ was thrust on the BPP by certain vested interests (case was initiated by the liberal lobby). BPP did not willingly enter that litigation – it was thrust on them. Hence were forced to spend on litigation fees to defend their stand.