CID investigation revealed that suppressing the fact of sponsorship of students, tuition and other fees ranging from Rs 1,000 to Rs 1,500 per month were collected from the students and substantial funds were put into fixed deposits and/or diverted to other related entities of OM group.
Funds were also received from the government under the Right to Education Act but the same were not recorded properly and other incomes were grossly under-reported in the books of accounts.
After years of investigation, CID filed a charge sheet in Nampally court last August.
CID investigation revealed that suppressing the fact of sponsorship of students, tuition and other fees ranging from Rs 1,000 to Rs 1,500 per month were collected from the students and substantial funds were put into fixed deposits and/or diverted to other related entities of OM group. Funds were also received from the government under the Right to Education Act but the same were not recorded properly and other incomes were grossly under-reported in the books of accounts. After years of investigation, CID filed a charge sheet in Nampally court last August.
