He has additionally moved a bail plea which is but to be heard.
Angur has claimed in his first plea difficult court order that Section 167 CrPC was relevant to solely police and to not company.
He has stated within the plea that the applying u/s 167 CrPC most well-liked by the ED in addition to the court was not maintainable below legislation.
He has acknowledged within the plea filed by means of his counsel that he joined the investigation on every event and was not operating away anyplace. He has accused the ED of misusing its energy.
The ED on Saturday arrested Madhukar G. Angur, the previous Chancellor of Alliance University in reference to a prevention of cash laundering case for allegedly misappropriating college funds by dishonest round 4,500 college students’ mother and father to the tune of Rs 107 crore.
Earlier, 4 separate circumstances below varied sections of the Indian Penal Code have been registered by Bengaluru Police against Angur.
The ED initiated cash laundering investigation on the idea of these FIRs registered against him. The ED discovered that he was allegedly concerned in cash laundering by means of totally different means.
Madhukar Angur, Priyanka B.S. and Ravi Kumar, the three accused had bodily lodged themselves contained in the campus premises of the Alliance University, Bengaluru, between 2016 and 2017. During this time Madhukar Angur and others knowledgeable the mother and father of the scholars by means of emails and bodily notices to not deposit the charge within the official accounts of the Alliance University and as a substitute requested them to deposit the charges of their kids into the illegally opened financial institution accounts by Madhukar Angur and others within the title of Srivari Educational Services.
Hence, the mother and father of about 4,500 college students have been persuaded to deposit the charges within the stated illegally opened financial institution accounts and quantities to the tune of Rs 107 crore have been siphoned off by Madhukar Angur and others by amassing the tutoring charges, hostel charges and different charges illegally from the scholars.
“The accused was produced before the City Civil and Sessions Judge and Special Judge for PMLA cases at Bengaluru on saturday. The ED sought the judicial custody of the accused. The court after hearing the arguments of both the sides allowed the move of the ED. The court has remanded him to seven days judicial custody,” stated the ED official.