New Delhi: The Income Tax Department has detected an alleged cash-for-seat scam running in some Karnataka-based medical colleges, as the CBDT said over Rs 400 crore blackmoney has been generated in the name of capitation fee by these institutions.
A statement issued by the Central Board of Direct Taxes said these alleged irregularities were found after nine major trusts, registered in Bengaluru and Mangaluru, running educational institutes, including medical colleges were raided on Wednesday.
“Searches were conducted at 56 different locations across Karnataka and Kerala,” the CBDT, which frames policy for the tax department, said.
“So far, the evidence gathered indicates that Rs 402.78 crore has been accepted as illegal capitation fee by manipulating the online admission process and the same has not been disclosed to the Income Tax Department,” it said.
It said cash amount of Rs 15.09 crore has been seized and gold jewellery worth Rs 30 crore (weighing 81 kg), 50 carat…
