The Reserve Bank of India (RBI) has filed a writ appeal before the Madras High Court challenging a single judge’s order with respect to remitting a few crores of rupees lying in the bank accounts of Sushil Mazumdar alias Swami Satyananda, an Indian-origin spiritual guru who had established Sadhana Ashram at San Presto of Assisi in Italy in 1976 but died in Tibet in 2007.
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RBI moves Madras High Court against order to transfer Swami Satyananda’s money to Italy
Chief Justice Sushrut Arvind Dharmadhikari and Justice G. Arul Murugan entertain the appeal and stay the single judge’s order
Published – June 09, 2026 12:49 am IST – CHENNAI
MOHAMED IMRANULLAH S.
The Reserve Bank of India (RBI) has filed a writ appeal before the Madras High Court challenging a single judge’s order with respect to remitting a few crores of rupees lying in the bank accounts of Sushil Mazumdar alias Swami Satyananda, an Indian-origin spiritual guru who had established Sadhana Ashram at San Presto of Assisi in Italy in 1976 but died in Tibet in 2007.
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Chief Justice Sushrut Arvind Dharmadhikari and Justice G. Arul Murugan have entertained the appeal and stayed the single judge’s order to remit the money to the bank account of Sadhana Ashram in Italy. They also granted four weeks’ time for Switzerland based Marco Licata, the past president and incumbent executive committee member of the Ashram, to file his counter affidavit.
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https://www.thehindu.com/news/national/tamil-nadu/rbi-moves-madras-high-court-against-order-to-transfer-swami-satyanandas-money-to-italy/article71076869.ece#:~:text=HOME,his%20counter%20affidavit.
