CBI books Educomp Solutions in the Bank fraud case

EDUCOMP SOLUTIONS STUCKED IN THE 
IN THE SBI BANK FRAUD CASE



Now, "the bunch of allegations hits at the doors of Educomp Solutions"
According to the latest updates of Central Bureau Of Investigations(CBI),it has been found that the Educomp Solutions, business of creating digital educational content for schools and vocational courses under the brand names "Smartclass" and "Edureach" respectively, is being booked by the CBI in defrauding the State Bank Of India(SBI)-led consortium of 13 banks to the tune of 1,955 crore and carried out searches at the eight locations on Tuesday, officials said.
Edu Smart Services Private Ltd (a corporate guarantor), Vijay Kumar Choudhary (a Director) and Vinod Kumar Dandona (a Director) have  been named in the FIR filed by the CBI.


Image result for images of educomp solutions




So, "this happens when we don't know from where to learn "
Just like the Satyam fraud case Educomp Solutions is also being charged and committed the acts of forgery, including valuable securities, used forged documents as genuine, diverted and siphoned off the banks’ funds and cheated the lending banks to the tune of ₹1955.36 crore.What can be the future of that country where the educational leaders are setting these kind of examples for the students.
In my point of view if anyone has to attract the sponsors or wants to lend the funds from the bank, forgery is definetly not the correct option, On this path you are just damaging your own image infront of your investors and also making their funds into dead land.


THE MISSING ETHICS:-


  1. Honesty with investors.
  1. Right Preparations OF BOOKS OF ACCOUNTS.
  1. Creating risks for the funds of sponsors.






 

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