Patanjali CEO Acharya Bal Krishna - billionaire with fake passport & degree
Recently, Balkrishna entered the Hurun India Rich List 2016 as a billionaire with an astounding Rs 25,600 crore ($3.82 billion) under his belt
Most people know that Baba Ramdev is the face of Patanjali Ayurved, the consumer products giant, which was recently in the news due to its announcement to launch 'swadeshi' jeans.
But the man behind Patanjali business is not the yoga guru, it is Ramdev's close aide Acharya Balkrishna. Pantanjali Ayurveda's net sales for financial year 2015-16 stood at Rs 5,000 crore.
Who is Acharya Balkrishna?
Recently, Balkrishna entered the Hurun India Rich List 2016 as a billionaire with an astounding Rs 25,600 crore ($3.82 billion) under his belt, finishing at the 26th place out of 339 individuals in India, according to a report in India Times.
As much as 94 per cent of Patanjali business is owned by the 44 years old who has been involved in a numbers of controversies, which include fake degree and fake passport to name a few.
According to the report, Balkrishna's high school and Sanskrit degrees from Sampurna Nand Sanskrit University, allegedly do not exist on records.
He was also charged with cheating and criminal conspiracy for procuring fake degrees to acquire an Indian passport. He was born to Nepalese parents who later migrated to India.
In 2012, the CBI claimed that his passport was issued based on forged high school and graduation certificates and that he owned a pistol without a legal permit. Later, he was arrested.
In addition to the controversies, the Enforcement Directorate (ED) also filed a case against him. After a two-year CBI investigation, he was given clean chit after the ED found “no evidence” of wrongdoing.