Key Points
The ED on Thursday said it has seized documents related to cash transactions worth hundreds of crores of rupees, made from the payment of cash fees and premium by MBBS students as well as post-graduate medical candidates, after it conducted raids in Telangana as part of a money-laundering probe linked to a PG medical seats blocking scam...
The federal probe agency said it has also frozen bank deposits of Rs 2.89 crore and seized unaccounted cash amounting to Rs 1.4 crore after the searches carried out against the Hyderabad-based Malla Reddy Institute of Medical Sciences...
Unaccounted cash of Rs 1.4 crore was seized from the premises of Malla Reddy Institute of Medical Sciences, while Rs 2.89 crore deposited in a bank account of the institute were frozen, the ED said in a statement, adding that this was an account where the cash collected against the medical PG admissions was suspected to be deposited...
The search operations resulted in the seizure of incriminating documents, digital devices and records of cash transactions running into hundreds of crores of rupees relating to collection of cash fees and premium from PG medical candidates as well as MBBS students, the agency said...
The raids came after the ED filed a money-laundering case in February on the basis of an FIR registered by the Warangal Police on a complaint from the registrar of the Kaloji Narayana Rao University of Health Sciences (KNRUHS), alleging that some agencies are involved in seat blocking in collusion with students and private institutions in Telangana and other states and obtaining the relevant documents of candidates required for registration in the KNRUHS...
