Prem Rawat's succesful Investments
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NikW ®

06/09/2005, 05:22:31
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1. Real Estate including the Tranchas Canyon (US) property bought with donations from followers prior to 1975 as part of the DLM settlement with IRS arranged by Michael Dettmers and tax attorney Robert Jacobs.

2. Other Real Estate held by SEVA Corp and Myrine Investments, variously purchased with open donations from followers prior to 1975 and private cash collections from followers post 1976. Ownerships in South America and Australia (Amaroo) were given substantial 'added value' by investment of charitable funds by Elan Vital related organisations.

3. Amtext - an Academic Book buying/selling business built up by Rawat's followers who were paid exploitational rates. 100% ownership was gifted to Rawat at some point in the 1990s.

4. Shares in Deltek Systems - a software company. Gifted to Rawat by Deltek's founders.

5. Er.. ? That's it. Rawat's high end toys - Jets, helicopters etc. are owned at arms length and maintained for his exclusive use by funds funnelled through Elan Vital and other 'non profits' on the basis that these 'lifestyle' enhancements are essential to Rawat fulfilling his role as a 'teacher' and inspirational speaker.

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