You don’t need to be a businessman to follow this simple story…

Someone tells you that he had two guys offer him £16 and £14 for his bike, but he decided not to sell to either of them. Then along came someone else who offered him £6 and he accepted. Credible story? That’s what you have been told – that offers to purchase Anugraha for £16 million and £14 million did not complete and instead, the place was got rid of to someone else for £6 million.

Rejecting selling at 16 and 14 and then selling for 6 needs an explanation. There has been no explanation, let alone a plausible explanation. 16 – 6 = 10.  TEN MILLION POUNDS is a lot of cash.

Anugraha was OURS. It was bought with money from us, Subud members.  We, which includes YOU, have a right, an absolute right, to an explanation.

Will Ian Travers-Smith, MD of Anugraha at the time, or one of those who was on the Board with him, please now give us – in public – an explanation to account for that HUGE DIFFERENCE OF TEN MILLION POUNDS between what was offered and what was accepted.

No reply will understandably strengthen suspicions.

The directors of Anugraha at the time of its loss by Subud were:

• Ian Travers-Smith – MD
• Howard Loch – Chairman
• R Heaslip
• R Prescott – Secretary

Would one of you answer what you have been asked to explain since Anugraha was lost:

Why were offers of £16 million and £14 million rejected and Anugraha disposed of for £6 million?

Even at £14 million everyone would have got their money back.

Avoidance of explaining arouses suspicions.