Advertisement
Saturday, Nov 27, 2021
Outlook.com
Outlook.com

ED Attaches Rs 194cr Assets Of Private University Owner Over ‘Sale Of Fake’ Degrees

The university, set up in 2009 by a trust promoted by Raj Kumar Rana, is allegedly involved in a scam related to the sale of 4,500 ‘fake’ degrees.

ED Attaches Rs 194cr Assets Of Private University Owner Over ‘Sale Of Fake’ Degrees
Manav Bharati University | Manav Bharati University
ED Attaches Rs 194cr Assets Of Private University Owner Over ‘Sale Of Fake’ Degrees
outlookindia.com
2021-01-30T20:01:34+05:30

In the first-ever case of its kind in the country, the Enforcement Directorate (ED) has attached property --- both residential and commercial --- FDs and land worth Rs 194.17 crore belonging to a promoter of controversial Manav Bharti University (MBU) in Himachal Pradesh.

The university, set up in 2009 by a trust promoted by Raj Kumar Rana, is allegedly involved in a scam related to the sale of 36000 “fake” degrees.

The Himachal Pradesh government had set up a high-level Special Investigation Team (SIT) headed by additional DGP (intelligence and crime) N. Venugopal to probe the allegations of fake degrees but eventually also turned out to be a case of money laundering as Rana made huge assets, spread in 17 states, including Rajasthan, Haryana, Jammu and Kashmir, Jharkhand, Madhya Pradesh, Punjab and Kerala.

As a result, Rana, apart from his wife Ashoni Kanwar, son Mandeep Rana and daughter Aaina Rana, have been booked under the Prevention of Money Laundering Act (PMLA).

“Rana had purchased properties worth hundreds of crores of rupees in his name and family members through the proceeds raised from the sale of 36000 fake degrees in Himachal and elsewhere in the country in the past one decade,” director-general of police Sanjay Kundu told Outlook here.

DGP Kundu said, “of the 55 hard drives seized by the SIT, 14 have been examined so far. Only 5000 degrees of the total 41,000 fake degrees investigated, were genuine and rest all 36,000 were found to be fake”.

“All his three family members—wife Ashoni Kanwar son and daughter are in Australia and efforts for extraction are underway ", he added.

Kundu said the ED told him on Friday confirming the orders to attach the assets of Rana at all the places investigated by the SIT. These include land and commercial properties worth Rs 186 crore and six FDs amounting to Rs 7 crore.

“I am told this is the first case of its kind in the history when such a success has been made by the state police, ED and income tax to attach assets belonging to a single promoter of an educational institution,” the DGP said.

He said the development was “just a tip of the iceberg in a multicrore-rupee scam and money-laundering case”.

Kundu said, “The SIT will also look into circumstances how Manav Bharti Trust was given Letter of Intent (LOI) by the state government, which initially had rejected their proposal in 2008 but later accepted in 2009.”

Rana was arrested in the case last year but later granted bail. 

The DGP complimented the SIT for the breakthrough, its focussed and evidence-based investigations done mainly during the Covid pandemic. “SIT’s task is still on and more revelations are expected,” Kundu said.

Advertisement

Outlook Newsletters

Advertisement
Advertisement
Advertisement

Read More from Outlook

Uttar Pradesh: One Week On, Mystery Shrouds Death Of 3 Dalit Girls

Uttar Pradesh: One Week On, Mystery Shrouds Death Of 3 Dalit Girls

The post-mortem report said that the three girls died 'when they got crushed after coming in front of a train that was passing through'.

Jai Kisan: Success Of Farmers' Protest Proves The Strength Of Their Convictions

Jai Kisan: Success Of Farmers' Protest Proves The Strength Of Their Convictions

Farmers’ movement reaffirms that peasants are makers of their own rebellion.

IND Vs NZ, First Test: Can Indian Bowlers Wrest Control Of Green Park Test?

IND Vs NZ, First Test: Can Indian Bowlers Wrest Control Of Green Park Test?

It's Day 3 of the first Test at Kanpur's Green Park. Follow live cricket scores of India vs New Zealand as NZ chase IND's first innings total of 345.

‘Clock Can Be Reversed In J&K After Farm Laws Repeal’

‘Clock Can Be Reversed In J&K After Farm Laws Repeal’

Former Chief Minister and Member Parliament Dr Farooq Abdullah:'The restoration of early statehood and Article 370 is the only way forward. Otherwise, Kashmiris will continue to bleed and there will be hardly any progress in this part of the world'.

Advertisement