Directorate of Enforcement (ED) carried out search operations under the provisions of the Prevention of Money Laundering Act, 2002 on 29.08.2023 at 24 locations in Himachal Pradesh, Punjab, Haryana, and Delhi in the case of the Himachal Pradesh Scholarship Scam.
ED initiated an investigation on the basis of FIR registered by CBI, Shimla, Himachal Pradesh with respect to the Scholarship disbursed by the Directorate of Higher Education, H.P. under the Post Matric Scholarship Scheme for SC / ST / OBC Students.
Searches u/s 17 of the Prevention of Money Laundering Act, 2002 were conducted on officials of the State Education Department, Banks, and owners of entities related to Private Universities and institutions, who were involved in large-scale misappropriation of disbursement of scholarship funds.
During the search operations, unaccounted cash of Rs.75 Lakhs was seized and an amount of Rs.2.55 Crore lying in the bank accounts was frozen. Further various incriminating documents and digital devices have also been taken from multiple locations. Further investigation is under progress.