Arindam Chaudhuri, Director of Indian Institute of Planning and Management (IIPM), has been arrested over alleged undue claim of Central Value Added Tax (CENVAT) of service tax credit of around Rs 23 crore.
Arindham was arrested and sent to 14 days in judicial custody by a Delhi court.
Arindham is facing charges under Section 89 of the Finance Act. Arindham’s colleague, Gurudas Malik Thakur. However another director of IIPM, has also been apprehended for the same offence and sent to 14 days in judicial custody.
The investigation is also on properties held by Arindham and his company in Delhi and other cities and also overseas.
It’s not the first time Arindham has been caught on the wrong side of the law as his famed institute, IIPM, had been in the news earlier as well for similar cases of financial irregularities.
Arindham was apprehended on March 14, 2020 for submitting a forged medical certificate after police asked him to join the probe with respect to a 2016 case. Notably doctor, whose signature was on the medical certificate, had died 10 years before the certificate was made. Meanwhile, he was subsequently released on bail.
According to IANS, Delhi Police had in 2015 registered an FIR against IIPM following the complaint of UGC that the institute was “misleading, cheating, and fooling” students as it was not recognised by any regulatory body. The UGC, in its complaint, had said despite the fact that its courses were not authorised, the institute was “fooling” students by charging hefty fees from them.
