Dehradun: The Enforcement Directorate (ED) has attached The Enforcement Directorate (ED) has attached immovable property worth approximately Rs.1 Crore of Vardhman Educational Society Uttarakhand. The land and building are situated in the Haridwar district of Uttarakhand and were attached under the provisions of PMLA, 2002.
The Vardhman Educational Society, which operates the Institute of Management Studies and the IMS Institute of Technology in Roorkee, has been found guilty of engaging in a scam related to SC-ST scholarships.It has been reported that the Institute has committed a scam in the SC-ST Scholarship.
Institute utilized the funds
ED initiated investigation on the basis of FIR registered by P.S, Sidcul Haridwar, Uttarakhand under various sections of IPC against members of Vardhman Educational Society. ED investigation revealed that Institute of Management Studies, Roorkee and IMS Institute of Technology, Roorkee had fraudulently received huge amount of scholarship in the
name of SC/ST students from Social Welfare Department, Haridwar for the period 2013-14 to 2016-17.
It is also revealed that the institution had made false claims to obtain scholarship under SC/ST Scholarship Scheme. The amounts of scholarship in the form of personal expense of students and tuition fees of college have been credited into the account of the college. The said amount has been siphoned off by the Chairman and other members of the
Vardhman Educational Society, and caused huge financial loss to the public exchequer.
ED investigation further revealed that this ill-gotten money was further diverted to either the bank accounts of Vardhman Educational Societyor to other accounts of the college and was utilized for the expenses of the trustees was withdrawn in cash.