UP reconstitutes SIT for Ram Temple donation theft
Analysis based on 13 articles · First reported Jul 25, 2026 · Last updated Jul 26, 2026
This event is unlikely to have significant direct market impact. However, it may affect public trust in the temple administration and could have minor implications for the State Bank of India if irregularities in donation handling are found.
The India — Uttar Pradesh government has reconstituted the Special Investigation Team (SIT) probing the alleged embezzlement of offerings at the Shri Ram Janmabhoomi Temple in Ayodhya, following a Supreme Court order on July 13. The new SIT is headed by Inspector General Kiran S, with Deputy Inspector General Somen Verma and Senior Superintendent of Police Gaurav Grover as members, replacing the earlier team led by IAS officers. The Supreme Court directed the state to form a fresh SIT under a senior IPS officer and submit a status report by July 27. The case involves allegations that cash donations were misappropriated during counting and deposit. Previous investigations led to arrests and seizure of assets. The court also issued notice to the Shri Ram Janmbhoomi Teerth Kshetra Trust. The new SIT has begun its investigation.
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