The fake racket from Manav Bharti University (MBU) in Solan becomes one of the largest scams of its kind after 36,000 fake degrees were discovered on 14 of 55 hard drives scanned by a special CID investigative team.
This is just the tip of the iceberg, as the number of counterfeit degrees will multiply as the remaining 41 hard drives are scanned. The fraud is likely to amount to millions of rupees, the investigation team said.
Defendant chief Raj Kumar Rana, chairman of the Manav Bharti Charitable Trust, which runs the MBU, has had his passport revoked and extradition proceedings are underway to bring his wife, son and daughter from Australia, said the CEO of the police, Sanjay Kundu.
Of the Rs 440 crore properties held by Rana and his family, those valued at Rs 194.74 crore are related to proceeds of crime and have been seized, DGP said, adding that this was the greatest attachment to this day of assets roots of all Educational institutions is the country’s institution in a money laundering case.
Restoring the credibility of the private sector in higher education would be a long process in the mountainous state. Transparency, urgency and declaration of intent in the investigation are preconditions, but the regulatory authorities have also ceased their work.