Rs 43-cr fee collected from students by medical college seized in I-T raid

[email protected] (News Network)
September 29, 2016

Bengaluru, Sep 29: The Investigation Directorate of the Income Tax Department, Bengaluru, seized unaccounted cash worth Rs 43 crore from Vydehi Medical College premises in South-East Bengaluru. The college is a part of the DK Audikesavulu Group.

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I-T officials said the department launched raids on premises of the Audikesavulu Group on September 23. Raids were also conducted on the group's premises in Karnataka, Andhra Pradesh, Tamil Nadu and Delhi and at the residences of the key members of the group.

Sources in the I-T department said that incriminating documents and other evidence have also been seized from these premises.

This money – in wads of Rs500 and Rs1,000 notes – is said to be the capitation fee collected from students, primarily for medical seats. It is the largest seizure in Karnataka and the second largest in the country – the first being the Rs82 crore in cash seized from a private medical college in Puducherry.

The last time a massive amount was seized in the state was Rs19.5 crore in December 2015 from a medical college in Raichur, run by the Navodaya Educational Trust.

This apart, the institution in Whitefield, run by the Srinivasa Trust, has admitted to an unaccounted income of over Rs265 crore.

Following specific information and working on a tip-off, for over a month, officials from the I-T investigation directorate swooped on the institution in the early hours of Friday and searched the premises. A few other associated institutions in Andhra Pradesh, Tamil Nadu and Delhi, and the premises of key members of the group, were also searched.

“The three-day search, which started in the early hours of September 23, resulted in a massive haul of unaccounted currency totaling around Rs43 crore, recovered from the premises of the group.

The money is cash donations collected during admissions to the medical college. Apart from the unprecedented cash seizure, which is the largest in Karnataka, a large number of incriminating documents and other forms of evidence have also been seized. This has resulted in the immediate disclosure of unaccounted income of over Rs265 crore. Further scrutiny of the evidence is in progress,'' sources told Bangalore Mirror.

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News Network
March 17,2024

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Beltangady, Mar 17: A three-year-old boy was crushed to death under the wheels of an auto-rickshaw in front of his house at Panakaje Mundadi in Belthangady taluk of Dakshina Kannada. 

The gut-wrenching tragedy took place on Saturday, March 16 morning when the boy ran out of home to the road. 

The victim has been identified as Kaushik, the son of Chandrashekhar and Usha couple. Their home is situated adjacent to the main road at Panakaje.

It is learnt that the auto-rickshaw failed to notice the boy who suddenly darted towards the road and hit him. 

Even though the injured boy was rushed to a private hospital in Ujire and later to Mangaluru, he breathed his last. 

The Beltangady traffic police have registered a case in connection with the incident.

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News Network
March 16,2024

Mangaluru: In the wake of complaints regarding middlemen menace, sleuths of Lokayukta on Friday, March 15, conducted a raid at the Mangaluru Urban Development Authority. 

The Lokayukta team found unaccounted money and several files, which were not disposed of for a long period.

Lokayukta SP CA Simon said that the Lokayukta has received complaints that middlemen have been interfering in the MUDA office, and files pertaining to the public are not being cleared on time.

A raid that commenced in the evening on March 13, lasted for 18 hours. During the raid, Lokayukta officials found cash in a bag in MUDA office, and also with officials and others. MUDA officials could not inform the source of money found in their office, the SP said.

Further, he said that many people gathered at the MUDA office during the Lokayukta raid, and have raised complaints about the harassment at the urban development authority. “We have gathered evidence for MUDA officials carrying out file disposal processes through brokers on phone calls. The investigation on the MUDA network will be continued,” he said.

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News Network
March 26,2024

Bengaluru: The National Investigation Agency (NIA) has detained two suspects in connection with the Rameshwaram Cafe blast case in Bengaluru, sources confirmed on Tuesday.

The preliminary probe has revealed that the two suspects were in direct contact with the suspected bomber.

The NIA sleuths have picked up the suspects from an area in the state capital. However, a statement is yet to be made by the NIA in this regard.

Even as the investigating agencies, both NIA and state special wing CCB teams have launched an extensive search operation in various states, the bomber has remained elusive. The authorities had obtained the bomber’s images and videos from CCTV footage on March 1, soon after the incident.

Sources said that the sleuths were suspecting that the bomber had come from Tamil Nadu and was staying in a neighbouring state for two months before carrying out the blast.

The hair samples of the accused were gathered from the hat of the accused which he abandoned in Bengaluru near a religious place. The authorities have sent the samples for the DNA testing and were hoping for a breakthrough.

The Rameshwaram Cafe bomb blast took place on March 1 on the International Technology Park Limited (ITPL) road in the Brookfield area. Low intensity Improvised Explosive Device (IED) was used to carry out the blast and nine persons were injured in the incident.

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