In the false degree certificate case, the Enforcement Directorate (ED) has seized assets worth Rs 13.54 crore to Shillong's CMJ University, its Chancellor Chandra Mohan Jha, and his family members under the Prevention of Money Laundering Act (PMLA).
Connected resources include bank account balances, fixed deposits, mutual funds, insurance policies, and real estate.
As according source information, the ED launched a money-laundering inquiry into CMJ University, Shillong, Meghalaya, Chandra Mohan Jha, his family members (who were also trustees of CMJ Foundation), and many others based on a FIR and charge sheet filed by Meghalaya Police for committing fraud thousands of students and providing them with "fake degree certificates" in exchange for money. Considering its tiny faculty, CMJ University is accused of issuing 20,570 fake degrees.
Officials claim that the money acquired in their bank accounts after selling the phoney degrees was redirected and deposited in mutual funds, fixed deposits, insurance policies, and immovable properties in the names of their family members, providing the impression of legitimate dealings.
The entire gains of criminality in this instance are anticipated to be Rs 83.52 crore, with the ED already confiscating assets worth Rs 27.66 crore. The total charge in the case currently amounts at Rs 41.20 crore.