Mumbai court takes cognisance of ED case against ex-Maharashtra education society chief
India Today
A Mumbai court has taken cognisance of the chargesheet filed by the ED against the former president of a Maharashtra-based education society in a money laundering case.
A special PMLA Court in Mumbai has taken cognisance of the chargesheet filed by the Enforcement Directorate (ED) against the then president of Maharashtra-based education society in a money laundering case.
The ED had filed a complaint against Dr Mahadev Ramchandra Deshmukh, former president of Chhatrapati Shivaji Education Society and four others for cheating more than 350 students/parents in guise of MBBS admission in a medical institute run by the society.
During the probe it was revealed that at least Rs 65 crore was collected from more than 350 students in guise of MBBS admission and no admission was given to the said students. Moreover, the college was not eligible to offer the medical course.
The money collected from students was further deposited into the bank accounts of the education society and its colleges as hospital Income to project it as untainted.
Deposited funds were further withdrawn in cash by the accused persons and diverted to their personal bank accounts in the guise of salary, loan processing fees etc and were utilised to purchase the properties and for personal expenses.
During the course of the investigation, Mahadev Deshmukh was arrested on May 6 under the provisions of section 3 of the PMLA Act, 2002. Further investigation is underway.
