15 July 2024

The Enforcement Directorate (ED), Guwahati Zonal Office, has taken decisive action in the case involving M/s CMJ University, Shillong, under the Prevention of Money Laundering Act (PMLA), 2002. Allegations against CMJ University, its trustees including Chandra Mohan Jha, and others involve the issuance of fake degree certificates to thousands of students in exchange for money.

The ED's investigation, initiated based on FIR and Charge-Sheet filed by CID Meghalaya, revealed that proceeds from the fraudulent issuance of degrees were funnelled through various bank accounts, mutual funds, and investments in fixed deposits and landed properties. These activities were allegedly conducted to disguise the illicit origins of the funds.

To prevent further dissipation of assets during the investigation, the ED has provisionally attached assets totalling Rs. 7.56 Crore. These assets include balances in bank accounts, fixed deposits, insurance policies, and a landed property. This attachment adds to prior actions where assets worth Rs. 41.2 Crore had been previously attached, bringing the total attachment in the case to Rs. 48.76 Crore.

The ED's move underscores its commitment to unravel financial frauds and recover defrauded funds, aiming to uphold justice and prevent the accused from benefiting from their illicit activities. As the investigation progresses, further legal actions may follow to ensure accountability and restitution in the CMJ University fake degree scam.