BENGALURU: The Income Tax Department on Thursday mentioned that their search and seizure operation on 9 main trusts that are operating instructional institutes together with medical colleges in Bengaluru and Mangaluru has unearthed acceptance of unlawful capitation charges of Rs. 402.78 crore together with investments in international nations.
A launch by the division by way of PIB says that up to now, the evidence gathered signifies that the cash has been accepted as unlawful capitation charges by manipulating the net admission course of. The search operation, on Wednesday at 56 places throughout Karnataka and Kerala, in line with the assertion, has discovered evidence for cash-for-seat malpractices for admission to MBBS, BDS and Post Graduate seats within the type of notebooks, handwritten diaries, MS Excel sheets containing the main points of money obtained from college students/brokers for admission in these colleges for numerous years.
“It was also observed that the management, faculty, staff, meritorious students and brokers are working in close nexus to manipulate the online admission process,” the assertion mentioned. The officers discovered that the clear choice course of to medical colleges by way of NEET has been subverted by Trustees and key individuals operating these Medical Colleges in collusion with brokers/brokers and a few college students who obtained excessive ranks in NEET Examination.
The faculty managements have been admitting much less meritorious candidate after accumulating big sums as capitation price/donations in money that are unlawful underneath the Karnataka Educational Institutions (Prohibition of Capitation Fee) Act,1984. The division, apparently, additionally discovered evidence indicating that one of the medical colleges has some kind of “package arrangement” for passing administration quota college students in written examination and viva voce for a set sum starting from Rs. 1 lakh to Rs. 2 lakh.
The colleges had additionally diverted the money collected for non-charitable functions by the Trustees which is clearly in violation of Sec 12AA of the Income-tax Act, 1961. And the person had made a big quantity of investments in immovable properties with big money parts.
One of the colleges has reportedly diversified into the enterprise of timber/plywood trade and undisclosed international property too. “Searches have resulted in the seizure of cash amounting to Rs. 15.09 crore, gold jewellery of 81 Kg(valued at Rs. 30 crore), 50-carat diamonds and 40 kg of silver in residential premises of the trustees and are prime facie, unexplained. Evidence of undisclosed foreign assets of Rs. 2.39crore in Ghana has also been found apart from evidence of huge investments in 35 Luxury cars in benami names,” the official assertion mentioned. Further investigation is in progress.