yasya — of whom (Lord Ṛṣabhadeva); kila anucaritam — pastimes as a paramahaṁsa, above all regulative varṇāśrama principles; upākarṇya — hearing; koṅka-veṅka-kuṭakānām — of Koṅka, Veṅka and Kuṭaka; rājā — the King; arhat-nāma — whose name was Arhat (now known as the Jain); upaśikṣya — imitating the activities of Lord Ṛṣabhadeva in His paramahaṁsa feature; kalau — in this Age of Kali; adharme utkṛṣyamāṇe — because of increasing irreligious life; bhavitavyena — by that which was about to happen; vimohitaḥ — bewildered; sva-dharma-patham — the path of religion; akutaḥ-bhayam — which is free from all kinds of fearful danger; apahāya — giving up (such practices as cleanliness, truthfulness, control of the senses and mind, simplicity, the principles of religion, and practical application of knowledge); ku-patha-pākhaṇḍam — the wrong path of atheism; asamañjasam — improper or against the Vedic literature; nija-manīṣayā — by his own fertile brain; mandaḥ — most foolish; sampravartayiṣyate — will introduce.
Translation
Śukadeva Gosvāmī continued speaking to Mahārāja Parīkṣit: My dear King, the King of Koṅka, Veṅka and Kuṭaka whose name was Arhat, heard of the activities of Ṛṣabhadeva and, imitating Ṛṣabhadeva’s principles, introduced a new system of religion. Taking advantage of Kali-yuga, the age of sinful activity, King Arhat, being bewildered, gave up the Vedic principles, which are free from risk, and concocted a new system of religion opposed to the Vedas. That was the beginning of the Jain dharma. Many other so-called religions followed this atheistic system.
Bhāgavatam Detail Source-Anchor Spine
This reading page exposes the requested verse-reference route, canonical received passage, parent chapter/skandha context, and the wider Bhāgavata source spine without inventing artificial verse boundaries.