Skip to main content.
A non-profit service providing academics, religion professionals and other researchers with religion & cult news
ReligionNewsBlog

Religion news articles about religious cults, sects, world religions, and related issues

Home | About RNB Related: Cult FAQ | Cult Experts | Apologetics Index | Cult Information Search Engine
More articles about: Transcendental Meditation:

Group Founded by Beatles Guru in Dutch Money Probe


ReligionNewsBlog.com • Sunday February 2, 2003

Reuters, Feb. 1, 2003
http://story.news.yahoo.com/

AMSTERDAM (Reuters) – The Dutch Central Bank will investigate whether an organization founded by Beatles guru Maharishi Mahesh Yogi has violated the law by issuing currency in the Netherlands, a bank spokesman said.

The Global Country of World Peace organization of Maharishi Mahesh Yogi, an Indian mystic living in the small southern Dutch town of Vlodrop, issued brightly colored notes of one, five and 10 “raam” last October.

The Maharishi brought “transcendental meditation” to the West more than 40 years ago. Among his six million followers worldwide have been the Beatles, who famously traveled to India in 1968 to meditate with him.

“We will investigate what is going on. There might be a violation of certain laws,” Dutch Central Bank spokesman Benno van der Zaag said, confirming a report in the Dutch newspaper De Telegraaf. He would not comment on possible penalties.

The organization said it issued the currency to finance aid programmes in developing countries.

“We issued the raam to provide funds for development projects, such as in agriculture, in countries that have no other means,” the organization’s “finance minister,” Benjamin Feldman, told Reuters.

He said the organization had told the Central Bank about its plan before issuing raam and “it has all been done according to regulation.” Feldman said several tens of millions of raam were printed, but he could not say how much had been circulated.

Most of the notes are distributed in the Netherlands, where more than 100 shops accept raam as legal tender, and a bank in Roermond, near Vlodrop, will exchange it for 10 euros, he said.

info Original content is © Copyright Religion News Blog. All rights reserved.
    Do not republish or repost. Page copy protected against web site content infringement by Copyscape

share this article Share this article

tag Related Articles

arrow

Comment Comment

Join Religion News Blog at Google+ to comment, share, and follow.

RSS Feed Follow Us


 Follow

Religion News You May Like This As Well

Religion News Search Search Religion News Blog