A complete of 16 entities had been named within the price sheet that comes with the Solan-based Manav Bharti College (Consultant/Record Picture)
A distinct court docket in Shimla that tries instances booked beneath the Prevention of Cash Laundering Act (PMLA) took cognisance of the prosecution grievance (price sheet) on January 4, the federal company mentioned
A price sheet has been filed beneath the provisions of the anti-money laundering regulation in opposition to Himachal Pradesh-based Manav Bharti College and its promoters in a case connected to alleged sale of faux levels, the Enforcement Directorate mentioned on Friday.
A distinct court docket in Shimla that tries instances booked beneath the Prevention of Cash Laundering Act (PMLA) took cognisance of the prosecution grievance (price sheet) on January 4, the federal company mentioned in a observation.
A complete of 16 entities had been named within the price sheet that comes with the Solan-based Manav Bharti College, promoter Raj Kumar Rana and others, it mentioned.
“The accused Raj Kumar Rana with the assistance of different co-accused bought faux levels in lieu of cash within the title of Manav Bharti College, Solan,” the company alleged.
“Budget got from this criminal activity have been utilized by Rana to procure quite a lot of movable and immovable property throughout quite a lot of states in his personal title and within the title of members of the family and entities,” it mentioned.
The cash laundering case stems from 3 Himachal Police FIRs filed in opposition to the accused “within the subject of faux stage rip-off of Manav Bharti College, Solan”, it mentioned. The company previous had hooked up property price Rs 194 crore on this case.
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