ED arrests ex-president of Maharashtra-based educational society in money laundering case

09 May 2022 23:27 STI

Bombay (Maharashtra) [India]May 09 (ANI): The Law Enforcement Directorate (ED) has arrested Mahadev Ramachandra Deshmukh, the former president of Shri Chhatrapati Shivaji Education Society (SCSES) in an alleged money laundering case.
Deshmukh was taken into ED custody until May 18, the ED said in a statement Monday.
ED initiated a money laundering investigation based on a first information report (FIR) filed by the Vaduj police station in Satara against Deshmukh and others, alleging that the management raised funds in cash from students for admission into MBBS course in a college i.e. Institute of Medical Science and Research, Mayani of Shri Chhatrapati Shivaji Education Society while the college was not eligible for the same .
An investigation by ED revealed that the Shri Chhatrapati Shivaji Education Society in Kolhapur is a charitable trust engaged in educational activities, according to the statement.
The trust was granted permission to operate a medical school for the academic years 2012-13 and 2013-14 for 100 seats per year (government quota of 85 seats and management quota of 15 seats).

However, in 2014, the Admissions Regulatory Authority rejected permission for MBBS admission for the 2014-15 academic year. Although permission for admission was only granted to 200 students, from 2012-13 to 2015-16, Deshmukh fraudulently and illegally collected an amount of Rs 29 Crore approximately from more than 550 students under the cover of an admission into MBBS (in cash) as a donation. .
However, admission was not granted to about 350 out of the 550 students, according to the statement.
The investigation further revealed that various agents had been appointed to the commission by Deshmukh to attract potential applicants for admission upon payment of a donation.
ED produced Deshmukh in PMLA court on May 7, 2022, seeking custody of the defendant. The PMLA court was happy to grant custody of the accused to the Enforcement Branch until May 18, it added.
Further investigation is underway. (ANI)

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