₹1.32 crore financial scam uncovered at Shikohabad college

A major financial scam involving ₹1.32 crore has been unearthed at Narayan Degree College in Shikohabad, Firozabad district. Following a court directive, an FIR has been registered at Shikohabad police station against the college’s management committee members, including former president Suresh Tandon, manager L.C. Mehra, secretary Vinod Chaturvedi, and state manager Nirdosh Pratap Singh. The college principal, Dr. Vijay Kumar, initiated legal action after discrepancies in funds were revealed during a district administration probe.

The controversy centers around ₹1.32 crore received by the college as compensation when part of its land was acquired seven years ago for an overbridge near Subhash Tiraha. This amount was deposited as a fixed deposit (FDR) in Indian Bank, jointly managed by the principal and the committee manager. However, in 2023, the management committee allegedly misused fake documents to withdraw and spend approximately ₹90 lakh from the FDR without proper authorization. When asked to provide details of the expenditure, the fraud came to light.

Dr. Vijay Kumar raised the issue with the District Magistrate of Firozabad, who formed a special investigation team, including the DIOS, to probe the matter. The investigation uncovered significant irregularities, including negligence on the part of bank officials in processing the FDR payments. Following the findings, Dr. Kumar approached the court, which directed the police to register a case.

The management committee’s tenure officially ended on September 2, 2024, but the alleged financial misconduct occurred during their term. The police are now investigating the matter further, and accountability is expected to be established soon. The case highlights concerns over financial governance in educational institutions and the need for stricter oversight mechanisms.