In October 2019, more than 300 Income Tax department officials and police personnel raided about 40 premises associated with various businesses owned by Kalki Bhagwan and his family.
During the marathon raid which took place for 5 days, the department confiscated unaccounted assets including:
Cash and Gold worth US$12 Million
Cash receipts worth US$55 Million
Investigators say Kalki Bhagavan laundered money and purchased assets abroad through Hawala transactions.
His son N.K.V. Krishna and Krishna's wife, Preetha Krishna, were questioned by the income tax department.

The Enforcement Directorate registered a case against Bhagwan and Krishna under the Foreign Exchange Management Act.
In December 2019, 907 acres of land owned by Kalki Bhagwan and his family was 'Attached' by Indian Law Enforcement  agencies.

Reporters subsequently visiting Kalki Bhagwan’s ashram near Chennai found it to be deserted, with the eleven cash counters all closed.

Kalki Bhagavan issued a statement denying that he had fled the country.
The investigation is in progress.
The Madras High Court granted time for the Income Tax Department to file its counter affidavit to a writ petition preferred by Preetha Krishna against a ‘look out circular’ issued by the department preventing her from flying abroad without receiving an Income Tax Department clearance certificate.

Preetha Krishna's request to travel to the US and Ukraine was denied by the Income Tax Department assistant director K Mahadevan, who said that her presence would be necessary for the investigation.
In October 2019, more than 300 Income Tax department officials and police personnel raided about 40 premises associated with various businesses owned by Kalki Bhagwan and his family. During the marathon raid which took place for 5 days, the department confiscated unaccounted assets including:
Cash and Gold worth US$12 Million
Cash receipts worth US$55 Million
Investigators say Kalki Bhagavan laundered money and purchased assets abroad through Hawala transactions. His son N.K.V. Krishna and Krishna's wife, Preetha Krishna, were questioned by the income tax department.
The Enforcement Directorate registered a case against Bhagwan and Krishna under the Foreign Exchange Management Act. In December 2019, 907 acres of land owned by Kalki Bhagwan and his family was 'Attached' by Indian Law Enforcement  agencies.
Reporters subsequently visiting Kalki Bhagwan’s ashram near Chennai found it to be deserted, with the eleven cash counters all closed.
Kalki Bhagavan issued a statement denying that he had fled the country. The investigation is in progress. The Madras High Court granted time for the Income Tax Department to file its counter affidavit to a writ petition preferred by Preetha Krishna against a ‘look out circular’ issued by the department preventing her from flying abroad without receiving an Income Tax Department clearance certificate.
Preetha Krishna's request to travel to the US and Ukraine was denied by the Income Tax Department assistant director K Mahadevan, who said that her presence would be necessary for the investigation.
Kalki Bhagwan