ED arrests UP institute chairman in scholarship ‘scam’ case


PTI, Mar 3, 2024, 8:23 AM IST

Representative image

New Delhi: The ED on Saturday said it has arrested the chairman of a Uttar Pradesh-based management and technology institute from the Lucknow airport in a money laundering probe linked to an alleged Rs 100 crore post-matric scholarship scam.

Shivam Gupta, chairman of Dr Om Prakash Institute of Management and Technology and three other group colleges and schools, was taken into custody on Friday under the provisions of the Prevention of Money Laundering Act (PMLA), the Enforcement Directorate said in a statement.

A lookout circular (LOC) was issued against Gupta as he was not joining the investigation despite multiple summons being issued against him, it said.

He was arrested from the Lucknow airport while on the way to catch a flight to Dubai. A special PMLA court in Lucknow sent him to ED custody for 7 days, it said.

‘Shivam Gupta was actively involved in fraudulently availing the scholarship in the name of ineligible students,’ the ED claimed.

This is the sixth arrest in this case by the ED. The PMLA case was filed after the agency studied UP Police FIRs registered against the accused.

‘Managers and trustees of various institutes got fake students admitted to their institutes for namesake and applied for scholarship in their names on the government portal with the sole purpose of wrongful advantage of government schemes which were meant for needy students,’ the ED said.

‘All the formalities in this regard were done by the institutes themselves through various agents,’ it said.

The scholarship so received was transferred to the accounts of colleges and thereafter withdrawn in cash or ultimately transferred to personal accounts of owners, managers and trustees or family members, thus, their actions resulted in ’embezzlement’ of more than Rs 100 crore of government money, it said.

Three charge sheets have been filed in this case till now apart from the attachment of assets worth Rs 10.35 crore.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

Bantwal: Theft at Shree Mahalingeshwar temple

States not empowered to take over all private properties for distribution to serve common good: SC

Chhattisgarh NAN ‘scam’: FIR against 2 retired IAS officers, former AG

Davangere: MLA Basavantappa returns Rs 1.2 lakh left behind at shop

Woman dies after being hit by luxury car driven by ‘drunk’ youth in Karnataka

MLA Bharat Shetty condemns attack on Edneer Math Swamiji’s vehicle in Kerala

‘Idiot’: Former Canadian Sikh minister slams Justin Trudeau over Khalistan issue

Related Articles More

Delhi riots case: HC dismisses plea by Khalid Saifi against attempt to murder charge

States not empowered to take over all private properties for distribution to serve common good: SC

Chhattisgarh NAN ‘scam’: FIR against 2 retired IAS officers, former AG

India, Australia strategic partnership growing steadily: EAM Jaishankar

Rahul Gandhi to attend caste census meeting in Hyderabad today

MUST WATCH

Gho Pooja in Deepavali Festival

Melukote Deepavali

Ganapathi Co-operative Society Ltd

Udayavani Chinnara Banna 2024

Annapoorna Aahar | Food Places In Mysore


Latest Additions

Union Minister H D Kumaraswamy booked for threatening police officer

Bantwal: Theft at Shree Mahalingeshwar temple

Delhi riots case: HC dismisses plea by Khalid Saifi against attempt to murder charge

States not empowered to take over all private properties for distribution to serve common good: SC

Chhattisgarh NAN ‘scam’: FIR against 2 retired IAS officers, former AG

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.