HomeNationStudent scholarships worth 75 crore misappropriated by UP colleges: ED

Student scholarships worth 75 crore misappropriated by UP colleges: ED

Twitter: @the_news_21

The Enforcement Directorate (ED) has found that some educational institutes in Uttar Pradesh allegedly misappropriated scholarship funds worth Rs 75 crore meant for economically weaker, minority category, and differently-abled students.

The federal probe agency carried out searches at 22 locations in six districts of Uttar Pradesh on February 16 in a money laundering case linked to ”fraudulent” availing of post-matriculation scholarships by various educational institutions of the state.

The money laundering case stems from a 2017 complaint of the state vigilance bureau.

In a statement issued on Friday, the ED said that the institutions under its scanner include S S Institute of Management, Mampur, Lucknow; Hygia College of Pharmacy, Lucknow; Hygia Institute of Pharmacy/Central Institute of Pharmacy, Lucknow; Lucknow Institute of Management and Education, Lucknow; and Dr Om Prakash Gupta Institute of Management and Technology, Farrukhabad.

Dr Bhim Rao Ambedkar Foundation and Jivika College of Pharmacy, R P Inter College, Gyanwati Inter College, and Jagdish Prasad Verma Uchatar Madhyamik Vidyalaya, all in Hardoi, are also among the institutions that are being investigated in this case under provisions of the Prevention of Money Laundering Act (PMLA).

The Hygia group of colleges is controlled and managed by I H Jafri, O P Gupta Institute by Shivam Gupta, S S Institute by Praveen Kumar Chauhan, and Jivika College by Ram Gupta, it said.

The ED alleged that these institutes “unlawfully” availed scholarships in the names of several ineligible candidates and ”misappropriated” the funds.


Please enter your comment!
Please enter your name here

Must Read