A special Prevention of Money Laundering Act (PMLA) court refused to grant bail to the plea filed by Mahadev Deshmukh, the president of Shri Chhatrapati Shivaji Education Society in Satara, who was arrested by the Enforcement Directorate (ED) for allegedly cheating several students to the tune of ₹65.7 crore.
The special court noted that Deshmukh could not use the trial’s postponement as justification for requesting bail because the delay resulted from his own failure to take further action.
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The ED claims that between 2011 and 2016, Deshmukh and the other defendants defrauded students of crores of rupees by pretending to provide them places for the MBBS program at the Institute of Medical Sciences and Research in Mayani. The prosecution asserted that the pupils were not admitted and that their money was not reimbursed. The Shri Chhatrapati Shivaji Education Society is in charge of the institution.
In the education society’s balance statement, the student donations were included as hospital income. Deshmukh and others then redirected the funds under the pretense of paying wages and for the construction of buildings and medical supplies. On a commission basis, Deshmukh allegedly employed agents who assured students of admission.
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The court rejected Deshmukh’s bail plea on several grounds, including the seriousness of the offense, the amount of money involved, and the fact that he is a key decision-maker in the education society. As reported in Hindustan Times , Deshmukh has been arrested by the Enforcement Directorate (ED) and is currently in judicial custody.
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