Comments on: K.P. Yohannan’s Believers’ Church to Halt New Admissions to Caarmel Engineering College Amid Financial Crisis

By: Buddy Louse

Buddy Louse — Thu, 12 Jul 2018 07:55:24 +0000

As a University accountant, I don’t see how suspending admissions for a year would help with a “financial crisis”.
The costs are overwhelmingly fixed (staff and infrastructure), so not taking on a cohort simply means less income to defray them.

By: Priscilla Frye

Priscilla Frye — Fri, 06 Jul 2018 15:29:13 +0000

In reply to bacon_crispy. I think you may have discovered a crack in the dam. The Indian govt starts cracking down on use of donations & a BC school is in trouble. What about the medical school & hospital and the private schools for children?

By: MG

MG — Fri, 06 Jul 2018 08:07:02 +0000

Negative coverage and legal expenses are affecting KP’s pocketbook.
With the ongoing lawsuit, he might also be being more careful about diverting funds.

By: bacon_crispy

bacon_crispy — Fri, 06 Jul 2018 03:57:20 +0000

In reply to Warren Throckmorton.

So while KP Yohannan was improperly diverting donor funds to the Engineering College for many years, Caarmel had enough funds. Is Believers Church obeying the Foreign Contribution laws for once? Is that why Caarmel is out of cash and blaming Believers Church’s financial crisis? Did KP Yohannan’s deciptions and mismanagement put the engineerings students in the position now of cheering FOR more cheating the FCRA laws just like the good ole’ days?

If you recall, GFA’s “original” four Indian FCRA entities (Gospel For Asia-renamed Ayana Charitable Trust, Believers Church-India, Last Hour, and Love India, all recently lost their authorization to receive foreign funds. The most recent FC filings GFA indicated the use of a different set of Indian shell NGO’s to receive funds in from the West (Shekina, Rehaboth, New Life, Fraternity Trust, etc). Has anybody checked their status? Have any of these entities filed an FC-4 or FC-6 lately? Are donations from the west declining? If so, how much? I seem to remember a -40% decline in GFA-Canada’s donation income per their T-3010 filings 2017 vs 2016. It wouldn’t be surprising if there has been a similar decline in USA, Australia, UK, New Zealand, etc.

By: bacon_crispy

bacon_crispy — Fri, 06 Jul 2018 03:00:08 +0000

I’m confused. Didn’t Believers Church have about $150 million in excess funds sitting around in banks not too long ago? Where did all that money go? Are they UNABLE or are they UNWILLING to fund the Engineering College? How much would the savings be by skipping a single cohort? Couldn’t be that much? Are they laying off instructors? Telling the entire world that Believers Church is having a financial crisis? What a terrible PR move.

Interesting that when KP was spending most of his time in the USA, the Engineering College was apparently doing fine. Now that he’s back in India most of the time, it suddenly flounders. Are parents and students in India wising up to his deceptive ways? Are they reading this blog? Are they seeing how the RICO suit is going badly for Yohannan & GFA?