Money laundering case against Manav Bharti University Chairman
The Enforcement Directorate (ED) has registered a case on the basis of FIRs registered by Himachal Pradesh Police against the Manav Bharti University (MBU), the Madhav University (MU) and Manav Bharti Charitable Trust and its Chairman Raj Kumar Rana in fake degree scam money laundering case.
The ED said that during investigation it was revealed that Rana started this scam of issuance of the fake degrees in the name of Manav Bharti University (MBU) in 2009 from his Karnal’s office, Harayana.
The ED has provincially attached properties worth INR 194.7 crores belonging to MBU, the MU, The Manav Bharti Charitable Trust and its Chairman in this case.
An ED official said, “The agency has attached moveable and immovable properties in the form of land, residential and commercial buildings worth Rs 186.44 crore located in Himachal Pradesh and Rajasthan and six FDs totalling Rs 7.72 crore under the Prevention of Money Laundering Act (PMLA).”
"It has come out that these properties were undervalued, so that illegal cash proceeds may be adjusted. Thereafter one more university, namely Madhav University in Rajasthan's Sirohi, was constructed by Rana through the illegal proceeds generated from the issuance of fake degrees," the official said.
