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Udupi: Shiroor Math is debt-ridden, successor will be appointed after 3 years: Sode Math Swamiji

  •   Sun, Apr 07 2019 06:45:08 PM

Daijiworld Media Network – Udupi

Udupi, Apr 7: Sode Math Vishwavallabha Theertha swamiji held a meeting on Sunday, April 7 with disciples at controversy-ridden Shiroor Math which is yet to get a successor after the sudden demise of late Laxmivara Theertha swamji.

Addressing the gathering Vishwavallabha Theertha swamiji said, "The death of late Laxmivara Theertha swamiji was unexpected and no decision was taken earlier regarding the next successor of the Math. There is confusion and rumour regarding the appointment of successor. Shiroor Math is debt-ridden. The next successor will not be able to undertake any developmental activity in the Math. Other than rent of few commercial buildings, it has no income from other sources. The income tax department has sent a notice to Sode Math regarding Kanaka Mall and has asked to pay Rs 17.34 lac fine.

"The successor cannot handle these court cases if appointed. The corporation has attached Rs 10 lac deposit kept in the bank. We have identified a successor and he is still a student at Sode Math. After three years we will appoint him as the head of Shiroor Math," he said.

Rathnakumar gave details about financial condition of the Math. The Math had taken Rs 15.5 crore loan from Corporation Bank in Manipal out of Rs 25 crore loan granted for Kanaka Mall. Late Laxmeevara swamiji had paid Rs 7 crore in three installments. Joint-partner Jayakrishna Shetty had paid Rs 2.75 crore. Now outstanding amount of Rs 19.5 crore has to be paid. The bank has agreed to take interest of Rs 7 crore. Jayakrishna Shetty had taken advance from 10 people who booked shops in the mall. Now they have approached court with the help of human rights activist Ravindranath Shanubhagh. We have promised to pay back to those who booked shops in advance."

Shiroor Math administrative officer Subramanya Bhat said that the Math is renovated with the cost of Rs 25 lac. Out of 100 acres of Math land, we have decided to start agriculture on 4 acres, he said.

Disciples M B Puranik, Balaji Raghavendra Achar and others were present.
  

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Comment on this article

  • Rudolf Rodrigues, Mumbai

    Mon, Apr 08 2019

    Seeing the illegal activities going on previously, as reported in media and mysterious death of earlier Swami, I think lots of cleansing with regard to finances etc will have to be done! Wonder how nobody objected to all the big financial dealings of earlier swamy??

    DisAgree [1] Agree [1] Reply Report Abuse

  • k b r, Mangala Uru

    Mon, Apr 08 2019

    this mutt should be nationalised.....head of this mutt was dissident and died mysterious and suspicious death...lot of wealth owned by these mutt-s...there were rumours of his wealth, investment in mall, financial dealing with mumbai businessman, bad habits, secret relations with women etc. etc.

    DisAgree [1] Agree [1] Reply Report Abuse

  • Rajesh D., Mangalore, Dubai

    Mon, Apr 08 2019

    I appreciate Swamis approach in this case, they are now in correction mode and gave hint to their own people ( & not us) that due to some irregularities in the past their Shiroor Math is now debt-ridden . As we all know some of the Business man also took advantage of previous Math head. Why unnecessary comments from other community, how does it help to improve the situation.

    Comments can be posted where it is required and where you can educate others.

    First we have to show others in our thoughts, comments & action that we are better than others, let people learn from you and me.

    DisAgree [1] Agree [8] Reply Report Abuse

  • Arun Kumar, Mangalore

    Mon, Apr 08 2019

    A bigger story is hidden in all of this.

    DisAgree [2] Agree [9] Reply Report Abuse

  • DJ Kuwait, Mangalore

    Sun, Apr 07 2019

    close that mutt for good.. what is the use appointing new swamiji. I think the late swami did lots of illegal businesses in the name of mutt.

    DisAgree [20] Agree [22] Reply Report Abuse

  • Dsouza, Mudarangadi, udupi

    Sun, Apr 07 2019

    Its direct plann of real estate. If no profit handover math administration to government. All problems solved.

    DisAgree [12] Agree [16] Reply Report Abuse

  • Rajesh D., Mangalore, Dubai

    Sun, Apr 07 2019

    It is their internal matter, they have better ways to solve it, first we will have to set our house in order, once we are succeeded then we can think of giving advice to others.

    DisAgree [9] Agree [20] Reply Report Abuse

  • Cynthia, Kirem

    Mon, Apr 08 2019

    Exactly... Internal matters they should discuss internally and solve the matter secretly and within themselves. Once it's given to media then it's no more called as internal matters. People speak people comment.

    DisAgree [2] Agree [10] Reply Report Abuse


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Title: Udupi: Shiroor Math is debt-ridden, successor will be appointed after 3 years: Sode Math Swamiji



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