ED raids LNCT Group premises in Bhopal:₹200 crore fee and scholarship scam alleged; team examines documents

The Enforcement Directorate (ED) has raided the educational institutions of the LNCT Group and its associated premises in Bhopal. After alleged financial irregularities exceeding 200 crore rupees came to light, the ED team is investigating documents at the group’s other premises and related locations, including Bhopal. The ED and EOW are investigating how money was transferred between different accounts, entities, and companies. The action is not limited to Bhopal only. Investigations are also ongoing at other premises, institutions, and locations connected to the case. The ED is examining financial documents, banking records, account statements, property-related documents, and digital evidence. Currently, the agency has not officially released detailed information. EOW had registered an FIR against LNCT group The Madhya Pradesh Economic Offences Wing (EOW) had registered a case of alleged scam and financial irregularities exceeding 200 crore rupees against the promoter of LNCT Group, the Chouksey family. After the EOW’s FIR, the matter came to the attention of the Enforcement Directorate. The ED also initiated an investigation into the case involving alleged financial irregularities and money flow. Search operations are ongoing at the related premises. Students’ fees, scholarships, and education loans at the center of the investigation It is being reported that alleged irregularities in financial transactions related to students’ fees, scholarships, and educational loans came to light during the EOW’s investigation. Irregularities amounting to approximately 200 crore rupees are alleged in these items. Allegations of diverting fees and scholarship amounts It is alleged that the amounts collected from students for bus fees, hostel fees, and other items were transferred to private accounts. Instead of depositing students’ scholarship amounts into designated accounts, they were sent to the accounts of other companies. Among the accounts where the money went, the name Kalchuri Contractors Limited has also surfaced. Allegations of misuse of education loans The investigation also includes the allegation that large bank loans taken for education and institutional activities were used for purposes other than the stated objectives. It is alleged that the loans were used to acquire private assets and for family-related interests. However, the investigation into these allegations is still ongoing. Aastha foundation and other societies also under investigation Investigating agencies are also scrutinising the financial activities of Aastha Foundation and other societies. It is alleged that financial transactions and the flow of funds were managed through these institutions and societies.