School under EOW lens over alleged illegal transactions of Rs 50 cr

The Delhi government has approached the Economic Offences Wing of the Delhi Police, asking it to probe into the complaints of alleged illegal transaction of over Rs 50 crore with fake companies and individuals by two branches of Maxfort Schools in the national Capital.

Following complaints of charging of donation and increased fee from parents and withholding of results of students over non-payment, the Directorate of Education (DoE) has also directed the Pitampura and Rohini branches of the school to refund the amount and release the result.

“It is alleged that Maxfort Schools are indulged in illegal transaction of huge sums of money to fake companies and individuals; illegal transfer of funds from collection accounts of schools to different trusts/societies, estimated amount of which is over Rs 50 crore till date,” DoE said in a letter to principals of the two schools.

The other allegations include misappropriation of cash, making payments from school payment accounts to vendors for the services/materials and also collecting the same amount from parents in cash. 

“The matter has been referred to the Economic Offence Wing of Delhi Police to register a case and take necessary action in the matter under intimation to the directorate. The schools have been directed to refund the donations or capitation fee charged from parents, while admitting their ward; not to demand any arrears from parents and to declare the results of various classes at predetermined dates unconditionally without insisting to pay the hiked fee,” the letter further read.

Repeated phone calls and emails to the two branches of the school for their reaction on the issue went unanswered.