Residences of trustees of colleges, hospitals raided
Searches on medical colleges across Karnataka by the Income Tax Department on Wednesday have unearthed cash-for-seat malpractices in admission to MBBS, BDS, and PG seats. Evidence has revealed undisclosed amount of ₹402.78 crore accepted by educational institutions as illegal capitation fee.
The fee has been collected illegally by manipulating online admissions, said a release. As much as 81 kg of gold jewellery worth about ₹30 crore, cash of ₹15.09 crore, 50 carat diamond, and 40 kg of silver items that are unexplained were found at trustees’ residential premises. As many as 35 luxury cars registered in benami names and evidence towards undisclosed foreign assets of ₹2.39 crore in Ghana have been found, according to a release from the Central Board of Direct Taxes said on Thursday.