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2w ago

ED Seizes ₹1.37 Crore in Cash During Bengaluru Engineering Seat-Blocking Raids

Investigators uncovered evidence of an agent network misusing student credentials to block management quota seats

In a statement, the Enforcement Directorate said searches were carried out on Tuesday at five business and residential premises in Ludhiana, Punjab and Chandigarh of the two companies apart from a third firm -- Infowiz Software Solution -- and some others.

Overview

  • Search operations on June 25–26 covered 17 locations, including BMS College of Engineering, Akash Institute of Engineering and Technology, and New Horizon College of Engineering Authorities seized ₹1.37 crore in unaccounted cash along with incriminating documents and digital devices linked to laundering proceeds of the scam
  • Investigators are tracing financial flows and collusive channels among colleges, private agents, consultancy firms, and KEA insiders
  • The probe stems from a 2024 FIR by the Karnataka Examination Authority and focuses on opaque management quota admissions using student login credentials
  • Further scrutiny under the Prevention of Money Laundering Act continues as the ED expands its evidence collection in the seat-blocking scam