Bengaluru: Rape-accused fugitive Nithyananda, a self-styled godman, has purportedly announced the launch of ‘Reserve Bank’ of Kailasa as the central bank of the country he claims to have founded on an island off the coast of Ecuador.
In a new video released by the godman, Nithyananda can be heard saying “his country” has signed a Memorandum of Understanding (MoU) with another country that will host his bank, called the ‘Hindu Investment and Reserve Bank’.
“On Ganesh Chaturthi with the grace of Ganapati, we are going to be revealing all the absolute, complete details of the Reserve Bank of Kailaasa and the currencies… It’s all ready,” he said.
He has chosen the auspicious day of Ganesh Chaturthi, on 22 August, to launch this one-of-a-kind bank.
“The whole economic policies, 300-page document, is ready with absolute designing, currency everything , the economic strategy how we are going to be doing, internal currency usage and external world currency exchange has all been done legally,” he can be heard saying in the video.
Nithyananda’s Kailasa is the ‘world’s greatest digital Hindu nation’, according to its website. It already has a flag called ‘Rishabha Dhvaja’, featuring Nithyananda along with the national animal, bird, emblem, tree and flower. It has three official languages — English, Sanskrit and Tamil.
Facing charges of rape and intimidation, Nithyananda reportedly fled India in October last year outside the knowledge of government authorities. As of now, he has skipped nearly 50 court hearings in India.
According to police sources, he may have found asylum in the island off the coast of Ecuador.
According to the Kailasa website, its Reserve Bank will be “an investment vehicle to centralize Hindu devotee cash flow”. It says this fund will “attract investment from the entire Hindu community, one of the wealthiest communities in the world”.
The website claims the bank will lend money to the members of the community so that they can invest in “non-violent businesses”.
With the ownership of the bank being centralised, the website claims, there will be trust among its investors and it will attract people who would be eager to invest in it.
“The Hindu Reserve Bank will create its own supply of money ‘not contaminated by fiat currency… An ideal way to create such a currency is through cryptocurrency,” it states.
In an earlier video released when the Covid-19 pandemic broke out, he signed off as, ‘Nithyananda Paramasivam, Prime Minister, ShriKailasa’.
The website also has a Spanish version expressing his country’s solidarity with nations around the world during this difficult time of the pandemic. Police sources said this confirms his presence near Ecuador.
Who is Nithyananda?
Nithyananda was born A. Rajasekaran in Tiruvannamalai in 1978, but not much is known about his personal life. He is believed by his followers to be an avatar of the ‘Paramashiva’.
He started the Nithyananda Dhyanapeetam, which now has branches in several parts of India as well as across the world.
In March 2010, an intimate video of him with a Tamil Nadu-based actress surfaced in the media. He got an injunction order issued on any media coverage on the video.
Two years later, he was accused of raping a US-based disciple over a five-year period. Charges against him were framed in June 2018 by a Karnataka trial court.
After he fled last year, he has been conducting sermons largely through videos and his social media channels.