Ed Action In Money Laundering Case: The Enforcement Directorate (ED) performed raids towards Shillong-based CMJ University and its Chancellor Chandra Mohan Jha in a money laundering case. This action has been taken on allegations of faux diploma certificates and monetary irregularities. This raid of ED passed off on the workplace of CMJ University, CMG Foundation and University Chancellor Chandra Mohan Jha’s locations in Delhi and Shillong.
ED has performed its investigation on the premise of FIR and cost sheet filed by Meghalaya Police. Meghalaya Police had filed this cost sheet towards CMJ University, its Chancellor and his members of the family, who have been the trustees of CMJ Foundation. Shillong Police had alleged that they awarded faux diploma certificates to 1000’s of college students in the greed of money. Investigation by Meghalaya Police had revealed that CMJ University, regardless of having much less college, distributed 1000’s of faux levels to college students.
Made Rs 83 crore by promoting faux levels
According to ED, their investigation revealed that the money that got here into the checking account after promoting the diploma, was diverted to a different checking account and invested in fastened deposits, mutual funds and life insurance coverage insurance policies. The money from the proceeds of crime was additionally invested in land. ED has frozen round Rs 1 crore 53 lakh of the quantity obtained by promoting faux levels. According to ED investigation, the whole quantity is round Rs 83 crore 52 lakh. Out of which ED has additionally connected properties price Rs 49 crore.
What is the entire matter?
ED began investigation of money laundering on the premise of FIR and cost sheet filed by CID of Meghalaya Police. The allegation was that CMJ University Chancellor Chandra Mohan Jha dedicated fraud by giving faux levels to 1000’s of college students. Despite having a small college, the college distributed 20,570 levels illegally. Not solely this, the signatures on these levels have been additionally faux.
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