They are accused of using the collected funds for their own use and for drilling unrelated wells.
Being the alleged brains of the operation, Keshishyan kept the collected funds and doled out cuts to his conspirators.
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The ring then allegedly took over the accounts, transferring funds to new ones set up by "mules, " or accomplices, who collected funds and transferred them elsewhere.
Prominent social worker Swami Agnivesh, who appears to have fallen out with Mr Hazare, has demanded full disclosure of funds collected during the campaign.
The AST will receive a small royalty, in the neighborhood of 4-5% of revenue and 90% of those funds collected are distributed to the public school system.
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However, none of the funds collected by the Wau Holland Foundation are going to pay for legal expenses related to defense against possible criminal charges in Sweden, Mr. Fulda said.
Named after Nobel Laureate economist James Tobin, who first proposed the idea in the 1970s, the funds collected from the tax (a fraction of 1% of the transaction) would be used as a global fund for development, and for recovering from crises like today's.
In return, CBI collected fees from hedge funds for bringing clients, in addition to the fees it charged its customers.
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But the GSMA report estimates that more than one-third of the 64 funds surveyed have yet to disburse any of the contributions they have collected.
But this influx of institutional capital toward among large funds is forcing a temporary step backwards on the way data is collected, managed, analyzed and monitored.
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