ED attaches fresh assets in UP scholarship scam money laundering case
The Enforcement Directorate (ED) has attached properties worth Rs.4.12 crore belonging to the accused in the multi-crore scholarship scam.
The attached properties are two residential plots in Lucknow in the name of Ram Gopal, on which buildings of Jivika Institute of Pharmacy and Jivika College of Pharmacy are constructed, and three luxury vehicles in the name of Dr Bhimrao Ambedkar Foundation, under which the two institutes are functioning.
Ram Gopal is the manager of the two institutes and was arrested by ED on October 6. He is currently under judicial custody.
ED initiated an investigation based on an FIR lodged by UP Police in the scholarship scam.
The ED investigation revealed that managers and trustees of various institutes got fake students admitted to their institutes and applied for scholarships in their names on the government portal to take wrongful advantage of government schemes meant for needy students.
The scholarship received was transferred to accounts of colleges and after that withdrawn in cash or transferred to personal accounts of owners, managers, trustees, or family members. This resulted in embezzlement of over Rs.100 crore of public money.
Five persons have been arrested in connection with the scam, and two provisional attachment orders, attaching immovable and movable properties worth Rs.6.09 crore in the name of managers and trustees of the various colleges, have already been issued.
[With Inputs from IANS]
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Rs. 100 crores embezzlement. Attached Rs. 4.12 crores i.e. 2-3 flats max. Govt to confiscate the institutions & hand over to any govt institution to run under its own institution.
Take away the rights of all its private owners. Confiscate properties of all erring officials including their ancestral property & deny them passports, voter IDs.
Create a separate list of voter IDs or Aadhar Card – symbolic cards, with no benefits i.e. blacklisted / corrupt / criminals (physical or financial), denied of all govt priveleges for rest of life.