Meghalaya: CMJ University trustees' assets frozen in fake degree scam

Guwahati: The Enforcement Directorate (ED) has reportedly attached Rs 7.56 crore worth of assets belonging to the trustees of Shillong-based CMJ University Foundation in Meghalaya.

This action was reported to be a part of a larger investigation into a massive fake degree certificate scam.

Chandra Mohan Jha, the foundation's trustee, his family members, and others are accused of issuing fake degrees to thousands of students in exchange for money.

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The ED initiated its investigation based on a police complaint (FIR) filed by CID.

The attached assets include bank accounts, fixed deposits, insurance policies, and landed property.

The ED alleges that after selling the fake degrees, the proceeds were laundered through various bank accounts and mutual funds to disguise them as legitimate transactions.

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Some funds were also invested in fixed deposits and properties.

This latest attachment brings the total value of frozen assets in the case to Rs 48.76 crore.

The total proceeds of the alleged crime are estimated at Rs 83.52 crore, with the ED planning further investigation.