The Enforcement Directorate on Saturday hooked up a chunk of land and the constructing of an academic belief price Rs. 5.62 crore in Uttarakhand’s Haridwar underneath an anti-money laundering regulation. The probe was launched to look into the alleged SC/ST scholarship rip-off in the state.
The belongings belong to the Seth Bimal Prasad Jain instructional belief which runs the Phonics Group of Institutions in Roorkee, the federal company mentioned in an announcement. It alleged that the Phonics Group of Institutions “fraudulently” acquired an enormous quantity of scholarship in the identify of SC/ST college students from the social welfare division, Haridwar, for the interval 2011-12 to 2014-2015.
“The institution made false claims to obtain this scholarship amount which was embezzled and siphoned off by the Phonics Group of institutions, Roorkee, run by Seth Bimal Prasad Jain Educational Trust, through its trustees and caused huge financial loss to the public exchequer with wrongful gain to themselves,” the Enforcement Directorate mentioned.
This cash was additional diverted to both the financial institution accounts of the academic belief or to different accounts of the faculty and was utilised for the bills of the belief and “withdrawn in cash”, it alleged. The cash laundering case of the ED stems from an FIR filed in this case by the Uttarakhand Police.
Earlier, the ED had hooked up property price Rs1.45 crore (land located in Haridwar) belonging to Wali Gram Udhyog Vikas Sansthan, Roorkee which runs Techword Wali Gram Udhyog Vikas Sansthan group of establishments in the identical case, it mentioned.
(With inputs from PTI)
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