ED arrests former Bangalore University vice-chancellor for duping parents

The Enforcement Directorate on Saturday said the Enforcement Directorate has arrested a former chancellor of a Bengaluru-based private university, who is alleged to have “roamed around” funds of Rs 107 crore taken from him as fees for 4,500 students. Parents have been cheated. Former Chancellor of Alliance University Madhukar G Angoor was arrested on Friday.

The ED said in a statement that he was produced before a special Prevention of Money Laundering Act (PMLA) court in Bengaluru on Saturday, which sent him to seven-day judicial custody. It alleged that Angoor and others informed the parents of the students through e-mails and physical notices of not depositing the fees in the official accounts of the Alliance University and instead they were illegally opened the fees of their children. Asked to deposit in bank accounts. (by Angur) and others in the name of Srivari Educational Services”.

“Therefore, the parents of about 4,500 students were persuaded to deposit the fees in the said illegally opened bank accounts and an amount of about Rs 107 crore was collected by Angur and others by depositing tuition fees, hostel fees and other charges. Taken. illegally from the student community,” it said. These fee deposits, the Enforcement Directorate (ED) said, were made between 2016-17.