St Xavier's College has decided to return the money that the Rose Valley Group had donated to the college's Hostel and Alumni Association.
The group had given Rs 96 lakh in two phases to St Xavier's College Hostel and Alumni Association. In the first phase, chief of the group Gautam Kundu had given Rs 71 lakh and Rs 25 lakh was given later.
It is learnt that the college authority has decided to open a separate bank account in which the money would be deposited and be given to the concerned authority.
The Central Bureau of Investigation (CBI) had come to know that the group had given the money to the college while probing the Rose Valley scam.
On January 5, principal of St Xavier's College, Father Felix Raj, went to the CBI office at Salt Lake and interacted with the investigating officers for around two-and-a-half-hours.