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Scholarship Scam: How Officials, Bankers Cheated Poor Students

Scholarship Scam

New Delhi: Initial investigation by the CBI into the multi-crore scholarship scam reveals a deep-rooted nexus between government officials, private institutions and public sector banks to siphon-off funds meant for poorest of the poor students. Students belonging to Scheduled Castes and Minorities were also deprived of scholarships to pursue basic education. Sources in the Central Bureau of Investigation (CBI) revealed that the scam in the scholarship fund meant for children from below poverty line (BPL) families was spread across Himachal Pradesh, Haryana and Punjab. Subsequently, a large number of fake accounts were opened in the State Bank of India and the Allahabad Bank on basis of documents submitted by the students and the bank officials did not verify the account holders, facilitating the scamsters’ siphoning off the scholarship money. (IANS)


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