Best remedy to fight corruption in education
Hyderabad High Court
Hyderabad: Chief Justice Kalyan Jyoti Sengupta of Hyderabad High Court observed that distance education is the best remedy for ills like capitation fees that are afflicting the country’s education sector.
While hearing a plea, along with Justice Sanjay Kumar, moved by U. Venkataramana, a trade union leader from LIC of India, Justice Sengupta said, “Distance education is the correct medicine for setting at naught the evil designs of unscrupulous commercial elements that have crept into our education sector.”
The petitioner contended that some of the employees in LIC have acquired additional qualifications from distance education varsities and institutions whose credentials are doubtful and that they are securing promotions based on such qualifications. Refuting the contention, the bench said, “Capitation fee and other commercial elements have hijacked our education sector and made education inaccessible to the people.”
The petitioner urged the bench to direct the LIC’s Hyderabad zonal manager not to accord promotions to such employees. While dismissing the plea, the bench said that it is for the LIC (employer) to look at the individual cases and decide.
ED chargesheet against bizman
The court of the metropolitan sessions judge at Nampally has taken cognisance of the chargesheet filed by the Enforcement Directorate against industrialist Grandhi Eswara Rao, the chairman and managing director of Sarita Steels and Industries.
The ED recently filed a chargesheet based on the facts mentioned in the CBI Bengaluru unit’s chargesheet filed in the case in 2007. The court issued summons to Eswara Rao and other accused in the case to appear before it.
Earlier, the Enforcement Directorate attached properties worth Rs 3.31 crore of industrialist Grandhi Eswara Rao, the chairman and MD of Sarita Steels and Industries and that of his wife and daughters under the Prevention of Money Laundering Act. The CBI’s Bengaluru unit filed a charge sheet in 2007 against the company and its promoters alleging that they had misused loans from banks using fabricated documents without actually purchasing goods.
The chargesheet named Sarita Steels, G. Eswara Rao who is also a brother of Grandhi Mallikarjuna Rao, chairman of the GMR Group and others alleging gross misuse of letters of the credit sanctioned by the State Bank of India using false documents without any actual purchase or movement of goods causing a loss of Rs 8.81 crore to the bank.
Investigations revealed that the company has no operations or assets. Mr Rao had sold the assets of the company to create the impression that company has no properties.
( Source : dc correspondent )
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