Income-tax officials on Wednesday conducted raids on the premises linked to a private university in Bengaluru and outside Karnataka, acting on allegations of large-scale tax evasion and disproportionate asset growth.
Raids across Karnataka and Andhra Pradesh
The searches began at around 6 am and were carried out simultaneously across multiple campuses in southern Bengaluru and Andhra Pradesh. Sources revealed that the university’s declared income did not match the significant rise in assets over the past few years.
Financial records under scrutiny
Officials are closely examining financial documents to verify expenditures made under the heads of college development, furniture procurement, and student fee collection. Initial findings suggest that actual spending may not align with the figures shown in official records.
Focus on admissions and staffing
The probe also extends to admissions made under government and management quotas. Investigators are cross-checking the number of students enrolled with fee receipts to identify possible irregularities.
Additionally, the number of teaching and non-teaching staff employed by the institution is being verified, amid concerns that records may have been inflated or misrepresented.
Next steps in the probe
Officials are expected to continue their inquiry over the coming days, examining bank transactions and property documents linked to the university. The outcome of the raids will determine whether further legal action is initiated against the institution’s management.