Big Revelation in Scholarship Scam: ₹29.11 Crore of Illegally Obtained Money Invested in Liquor & Hotel Businesses; Court Rejects De-freezing Request
In a major development in the high-profile scholarship scam, the CBI investigation has revealed that Babita Rajta, wife of main accused Arvind Rajta, invested ₹29.11 crore—acquired through illegal means—into a liquor company, hotel firm, and partners’ accounts. This was disclosed in the charge sheet filed by the CBI in the special court in Shimla.
According to the charge sheet, during 2014–15, the accused fraudulently claimed ₹29.80 crore in scholarships from the Higher Education Department using names of fake students. Most of this money was laundered. The funds were routed through fake companies and transferred to the account of ASAMS Education Group, where Babita held a 33% partnership.
The laundered amount was then invested into her brother-in-law Avinash Rajta’s liquor company, her brother Rakesh’s hotel/resort firm, and accounts of partners Ashok Thakur and Devender Singh.
The special CBI court, led by Judge Dr. Parvinder Singh Arora, rejected the plea to de-freeze the bank accounts and FDs of Babita, Arvind, Avinash, Bano Devi, and Rani, stating that these accounts were used for handling proceeds of crime and unfreezing them could obstruct the ongoing investigation.
3 Comments