4 months ago
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The Directorate of Enforcement (ED) connected Saturday announced that they person provisionally attached 3 immovable properties, including 1 crippled and 2 flats, with a full marketplace worth of ₹19.46 crore, belonging to the trustees of the BMS Educational Trust successful transportation with the seat-blocking scam uncovered past year. The attachment was carried retired connected January 21, nether the provisions of the Prevention of Money Laundering Act (PMLA), 2002.
The bureau initiated its probe based connected FIRs registered by the Malleswaram and Hanumanthanagar Police. The FIRs pertain to alleged irregularities successful admissions to engineering seats done the Karnataka Examination Authority (KEA).
The ED conducted searches connected May 26, 2025, and June 25, 2025, and claimed to person recovered unaccounted-for currency being collected during the admittance process for engineering courses astatine colleges controlled by the trust. The probe recovered that seats were allegedly sold by the assemblage absorption done middlemen and agents who acted arsenic acquisition consultants, with currency being collected straight from students, ED said.
The ED stated that the currency collected from students was not disclosed successful the books of accounts of the BMS Educational Trust. During the searches, the bureau seized ₹1.86 crore successful currency from premises linked to the trustees, management, and agents associated with the trust.
Further evidence, specified arsenic diary entries and WhatsApp chats, indicated the postulation of unaccounted currency amounting to ₹20.20 crore from the merchantability of engineering seats, ED said. According to the ED, grounds has been corroborated by individuals progressive successful the admittance process, including assemblage staff, absorption personnel, and agents. The probe has besides revealed that the proceeds generated from the alleged merchantability of engineering seats were utilized for the idiosyncratic payment of the trustees of the BMS Educational Trust, the ED added.
