False Allegations by EC TAMA 2010 on TAMA 2009 Financials
28th October 2010
Dear beloved TAMA member,
Here are the facts to the false allegations made by TAMA EC 2010 targeting TAMA EC 2009 in particular Dr.Satyanarayana Reddy Tangirala and Gireesh Reddy Meka.
"According to the TAMA Constitution and Bylaws, outgoing Executive Committee shall provide appropriate records for financial audits; transfer all records, documents and accounts to the incoming Executive Committee within five days after the end of their term."
Our response:
As per Article IV.2 of TAMA bylaw
He/she shall perform such other duties and exercise such other powers incident to the office of Treasurer by law. He/she shall file tax returns with the Internal Revenue Service for the year in office and provide appropriate records for financial audits. He/she shall transfer all records, documents, and accounts to the incoming Treasurer within five days after the end of his/her term.
Outgoing TAMA EC 2009 handed over all the documents, assets, on January 1st 2010 to the incoming EC at Sai Murali restaurant and Handed over all the bank transactions, Credit card login information of Authorize.net on January 5th 2010 with all the necessary instructions to the incoming Treasurer and the President which clearly proves that the outgoing EC provided the appropriate records within five days.
"TAMA current Executive Committee sent multiple emails and made several phone calls to Dr. T Satyanarayana Reddy (President-2009) and Mr. Girish Meka (Treasurer-2009) but they are not coming forward to reconcile TAMA financial information and accounts for the year 2009."
Our response:
It is only through that email we came to know that they sent several emails and phone call to both of us. Why was the new EC kept silent for this long and now apparently decided to blame the 2009 EC for everything without giving us a chance to clarify the issues to the incoming EC. Except for Mahesh Pawar's phone call which we answered and explained the facts we have not received any other phone call or email from any office bearers of EC 2010. Here is the call response and as a resultant action item, Mahesh Pawar conveyed the message to the EC 2010 by an email......
Here is the email sent by Mahesh to TAMA EC member
I spoke to Satyanarayan and Girish regarding this and found that the file is with CPA, once it is done they are ready to file the taxes. It may take a week or two. So, I suggest we wait on this email thing.
Thank you
Mahesh
We are in the process of completing the Tax filing for the year 2009 and all the invoices, receipts and Bank statements are with the CPA who is providing free services to TAMA 2009. We shall submit the Returns statement once the filing is completed. This may take not more than a week.
So far all the years of TAMA's existence, the President or Treasurer for the year in the office filed taxes. Except the year 2008, neither the Treasurer nor the President of TAMA 2008 cared to file the taxes when they were in the office. Dr. Satyanatayana Reddy Tangirala had taken up the task and filed the taxes for the year 2008 for which we paid $800.00 as filing charges.
1. Closing information about 2009 bank accounts (Checks belonging to TAMA members were bounced).
Our response:
The checks are issued to individuals towards expenses reimbursement. As part of the account transfer procedure to the new EC, we closed the operating account on 31-DEC-2009. Any checks deposited after this date will obviously get bounced. It came to our notice that the only check issued to Mr.Ramakanth Rapalli towards election stationary expenses was bounced because the check was deposited by him after 31-DEC-2009. We referred this issue to the new committee and Mr. Rallapalli got paid by TAMA 2010 EC.
2. Closing of Credit card information (Past Treasurer Adi Chintama was penalized due to the actions of 2009 Executive Committee).
Our response:
In the process of accounts hand over to the new EC, the Credit Card operating account was closed on 31-DEC-2009 and a new account was opened by TAMA 2010 EC. We had a vendor called Authorize.net which we use it for our online transactions. The service charge was to the vendor was set up as a bill payer and all the instructions including the User ID and Password to the Credit card account was given to Mr. Aluwal Reddy Treasurer 2010. It was his (Or TAMA 2010 President's) responsibility to update the automatic bill payment to the vendor, failing which the vendor charges fines and even can send a collection notice to the person under whose name it was registered. In this case Mr. Adi Chinnatimmareddy was penalized.
This shows sheer negligence and non-commitment of the Treasurer of TAMA EC 2010, towards the fag end of the year they are conveniently blaming TAMA 2009 EC. Why did it take this long for them to bring it up? If anything of this sort was brought to our notice, we will be more than happy to address this.
3. There is no documentary evidence for distribution of Payments amounting to $43,248.70 to Suresh Penchala's family without concrete financial evidence.
Our Response:
There were three payments made to the service providers of Suresh Penchala. KIMS of Hyderabad and Live-in corporate suites with all the necessary invoices. This was also presented at both GBM's (Deewali and election day 2009) and accounts were ratified in the presence of all the members and parliamentarian. We also posted the Financials/ Account details on TAMA website till the end of our term. All these three payments were through the bank and the Outgoing EC clearly provided these details to the incoming TAMA 2010 EC. One Payment by the bank check to KIMS, second payment was a wire transfer to KIMS and the third payment was also a wire transfer to Live-in Corporate suites.
We have all the invoices and receipts regarding these payments.
Paid By Check $80,000.00
Wire Transfer $30,000.00
Wire Transfer $25,000.00
Service Fee $110.00
Total $135,110.00
Opening Balance As of 1-JAN-2009 $194,611.29
Remaining Funds As of 31-DEC-2009 $59,501.29
The remaining funds were handed over to the incoming EC within 5 days of completion of the term.
Ramesh who is brother of Mr. Suresh Penchala repeatedly called TAMA EC 2010 requesting for the funds while TAMA EC 2010 turned a deaf ear to him.
Outgoing TAMA EC 2009 provided detailed information on this to incoming TAMA EC 2010; This is taking us in a maze that how they are oblivion to the facts when they promised TAMA members that would do a better job than the other contesting panel.
We have been always more than willing to prove the facts with all the documents and invoices.
This is the last email we received from Ramesh Penchala before we left the office
From: Ramesh penchala
Date: Fri, Dec 18, 2009 at 10:43 PM
Subject: Fwd: Receipts for payment-Suresh Penchala
To: tangirala.reddy@gmail.com, mekagiri@yahoo.com
Gireesh gaaru / satyanarayana reddy gaaru,
It is hard to express the appreciation and thankfulness for your wonderful and compassionate support shown towards my brother and standing by us during the tough times. From deep down the heart we are very much thankful to each and every member of the committe who have helped suresh, Please convey our regards to all the members for their suppot. Looking forwards to the new committee to be as supportive as the current one. As Alopathy and homeopathy did not show much progress in his health condition we are looking to Ayruvedic treatment for cure.
It would be much appreciated if you could please process the attached receipts and do the needful.
Thanks & Regards,
Ramesh Penchala
4. Loss of $5000 deposit to Centre Stage, Atlanta.
Our response:
Mr. Purna Veerapaneni (Active TAMA member and strong supporter of EC 2010 panel) and Mr.Thotakura Prasad (President of TANA) requested TAMA EC 2009 to organize the Super Singer Program in Atlanta as anyway the troop was coming for TANA 2009 event. In order to book the Venue in advance we had to sign the contract with Center Stage and make a non-refundable advance of $5,000.00 and started making all the preparations for the event. Later due to the visa restrictions on the super singers, they were restricted to perform any stage shows (including at the TANA event) and subsequently we had to cancel the program. As the payment made to the Center Stage was nonrefundable in nature they refused to return the advance we paid. We tried to influence and convince them in various means and ways to get back the venue payment which turned out into a futile effort as they were all the time pointing to the signed contract with Center Stage.
"The financial information that will be used to file taxes year 2009 will be provided to TAMA audit committee. As office bearers of TAMA for 2010, it's our responsibility to apprise our members concerning 2009 TAMA financials."
Our response:
Please don't bring audit committee into picture as that committee is appointed to audit 2010 financial records, rather than past committees. It is 2009 treasurer's responsibility to safeguard the receipts of 2009, and responsible to reproduce it to IRS in case of an audit. If we had to transfer all the receipts to you, we would have got 28 years of receipts from previous EC and we would have transferred 29 years of documentation to EC 2010.
All the allegations they made on TAMA EC 2009 are false and baseless. It appears that it is just misrepresentation of facts, misuse of their power and the media like TAMA web site, TAMA members' email list to broadcast false allegations and defame TAMA EC 2009. They are playing blame game to cover their negligence in discharging their duties to TAMA members.
Sincerely,
Dr.Satyanarayana Reddy Tangirala (President TAMA EC 2009)
Gireesh Reddy Meka (Treasurer TAMA EC 2009)
