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Gods Forbid: India's Temples Guard Their Gold From Government

There has been no inquiry from the RBI yet at the centuries-old Sree Padmanabhaswamy temple, where two years ago treasure then estimated to be worth over $20 billion - more than India's education budget - was discovered in secret subterranean vaults. But its hoard is already being checked by the Supreme Court to make sure it is adequately protected. There are some, for sure, who feel the temples should divulge their centuries of gold offerings. "Everything the temple gets should be known to the devotees," said Shankaram Kutty, head of an advertising firm based in Cochin, who goes at least once a year to Guruvayur with an offering. "I feel every temple should declare their assets." Mumbai's Shree Siddhivinayak Ganpati temple, often visited by Bollywood celebrities, had already put 10 kg (22 lbs) of its gold into a bank deposit scheme. It still has 140 kg in its vault. "The gold we have is the nation's property, we will be proud if the nation can benefit from it," said Subhash Vitthal Mayekar, chairman of the temple's administrative trust. He has not yet received an inquiry from the RBI.
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Va. Man Sentenced for Role in Jewelry Theft Ring

September 28, 2013 (AP) A Virginia man has been sentenced to more than eight years in prison for his role in a violent, multi-million dollar jewelry theft ring. Federal prosecutors say 34-year-old Luis Carlos Muchado was sentenced Friday in U.S. District Court in Norfolk for the ring that operated out of Richmond. According to court documents, co-defendant 37-year-old Alexander Cuadros-Garcia of Colombia led the group that stole more than $4.6 million in 316 steel jewelry jewelry from victims in Virginia and at least four other states including New York, New Jersey, North Carolina and Maryland. Most of the robberies involved damaging car windows and threatening victims at knife-point. Cuadros-Garcia and Muchado were charged along with six other members of ring in March 2012. Prosecutors say Muchado pleaded guilty in April to racketeering charges.
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30 Sep 2013. 03:42:07 am

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