Enforcement Directorate attached assets of Educational Institute in Post Matric Scholarship Scam worth Rs. 4.42

Enforcement Directorate attached assets of Educational Institute in Post Matric Scholarship Scam worth Rs. 4.42 The Directorate of Enforcement (ED) has provisionally attached assets worth Rs. 4.42 crore belonging to KC Educational and Social Welfare Society, Una, Himachal Pradesh in Post Matric Scholarship Scam, Himachal Pradesh. The ED launched a money-laundering investigation based on an FIR filed by the CBI under various sections of the Indian Penal Code, 1860, and the Prevention of Corruption Act, 1988. The ED investigation revealed that an amount of Rs. 4.42 crore was fraudulently received from the Directorate of Higher Education, Shimla by KC Group of Institutions, Pandoga, and Others in the guise of scholarships to students of SC/ST/OBC category of Himachal Pradesh. The investigation also revealed that the Society used proceeds of crime generated by fraudulently receiving scholarships to purchase land and construct a building block. As a result, the immovable properties of KC Educational and Social Welfare Society in the form of two plots of land and a building block located in Pandoga, Una, Himachal Pradesh have been attached in accordance with the provisions of the PMLA.