HC orders CBI, ED and IT investigations into trust
Pune, Nov. 13 -- The Bombay High Court on November 10 ordered investigations by the Central Bureau of Investigation (CBI), Enforcement Directorate (ED) and Income Tax department into the affairs of Sinhgad Technical Education Society (STES), its 44 educational institutions and the trustees over suspected financial irregularities and possible fund diversion.
The special bench of Justices G S Kulkarni and Advait M Sethna also ordered the freezing of bank accounts and investments belonging to the trust and its trustees, restrained dealings with their movable and immovable properties and shareholdings, and directed the trustees to surrender their passports.
Explaining the need for a CBI investigation, the court stated that while such an investigation was an exceptional measure, it was necessary in the circumstances to protect employees' fundamental rights and restore confidence in the rule of law. The matter will be placed before the regular bench on Nov 19....
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