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ED, Allahabad has provisionally attached properties worth of Rs. 20.6 Crore under the provisions of PMLA, 2002 in Post Matric Scholarship scam. The attached properties are in the form of college buildings of Hygia Group of Colleges, Lucknow, UP. Total attachments in this case stands at Rs. 41.13 Crore.
Update / Judgement Date
04 Jun 2024
Source
Author
Team — WCP Legal Desk
Reading Time
1 min read
The Directorate of Enforcement (ED), Allahabad Sub Zonal Office, has provisionally attached properties worth Rs. 20.6 crore under the Prevention of Money Laundering Act (PMLA), 2002, in the Post Matric Scholarship scam. This marks the sixth attachment in the case, involving college buildings of Hygia Group of Colleges in Lucknow, Uttar Pradesh. \r
The investigation, initiated based on intelligence and FIRs by Uttar Pradesh Police, uncovered a scheme where managers and trustees admitted fake students to their colleges, applied for scholarships in their names, and embezzled government funds. Six arrests have been made, with five provisional attachment orders issued, totaling Rs. 20.53 crores. \r
Prosecution complaints have been filed, bringing the total attached assets to Rs. 41.13 crore. Further investigation is ongoing.