Bengaluru: The Enforcement Directorate (ED) on Saturday January 8 has arrested Alliance University Former Vice Chancellor Madhukar G. Angur in connection with money laundering case where in misappropriation of Rs. 107 Crore university funds have come into light.
The accused was produced before the court on Sunday January 9 and has been remanded to seven-day judicial custody.
Four FIRs were registered against accused Angur, Ravi Kumar and Priyanka, based on which ED initiated the probe. From 2016 to 2017, the trio stationing themselves at the varsity campus, allegedly informed the parents of around 4,500 students through emails and notices to deposit the fee in the name of Srivari Educational Services, the account opened by the trio illegally instead of official accounts of the Alliance University, thus swindling money worth R.s 107 crore.
