Jio Institute given only 'letter of intent,' says Minister
New Delhi, July 26 : The controversy over granting 'Institute of Eminence' status to Jio Institute figured in the Rajya Sabha today as many members questioned the wisdom behind ranking the yet-to-come-up institute with the likes of IITs and others that have a proven record for decades.
Union HRD Minister Prakash Javadekar told the House that Jio Institute has "only been issued a letter of intent" and not given the tag of Institute of Eminence.
The Minister's statement failed to convince the opposition MPs with Trinamool Congress leader Derek O'Brien saying that some media reports have linked the tag of eminence with electoral bonds (through which corporates and individuals can donate to political parties).
The Minister clarified that while the three public sector Institutes of Eminence -- IIT Delhi and Bombay and Indian Institute of Science, Bangalore -- would be given Rs 1,000 crore each, none of the private institutes would get any such funds.
"The government was not directly involved in the selection process and (monitored it) from an arm's length. The selection was done by an expert panel," Javadekar said.
Spelling out the process, he said the sponsoring organization of Jio Institute has proposed to set up the institution at Karjat, Maharashtra. The institution has been given Letter of Intent for setting up Institutions of Eminence Deemed to be University in the next three years, the minister said.
"The sponsoring organization will submit a report to the Ministry indicating its readiness for commencing academic programmes within three year of this Letter of Intent," Javadekar said.
"During this period, the proposed institution will not admit students. The students will only be admitted after the ministry isses a notification," he added.
"The Institutions were recommended and approved by the Empowered Expert Committee (EEC) and the University Grants Commission based on their detailed vision plan on how to meet the criteria for attaining the status of an Institution of Eminence," Javadekar said.
He informed the House that the UGC in its meeting held on July 9, 2018 considered and approved the EEC report and recommended IIT-Delhi, IIT- Bombay and IISc-Bangalore as Institutions of Eminence.
Also, it recommended for issuance of Letter of Intent to Birla Institute of Technology and Sciences (BITS), Pilani; Manipal Academy of Higher Education, Manipal and Jio Institute under the greenfield category.
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BharatPe fraud case: Delhi HC quashes lookout circular against Ashneer Grover, wife
New Delhi, Nov 12: The Delhi High Court has ordered cancellation of a lookout circular (LOC) issued against Ashneer Grover, the former MD of payment app BharatPe, and his wife Madhuri Jain Grover, noting that the FIR lodged against them over allegations of cheating and forgery has already been quashed.
Justice Sanjeev Narula passed the order on Monday after the court was informed that another bench of the high court quashed the FIR on the same day.
The FIR was quashed by Justice Chandra Dhari Singh after considering a plea moved by the Grovers stating that they have arrived at a settlement with the fintech company.
In his order, Justice Narula said, "Although the copy of the order (quashing the FIR) is not available as of now, the aforenoted fact is not disputed by the counsel for the parties.
"In light of the fact that the underlying FIR has been quashed, the LOC issued by respondent No. 3 (Bureau of Immigration), in the opinion of the court, will not survive."
The LOC was issued by the Bureau of Immigration at the instance of Delhi Police's Economic Offences Wing (EOW) in view of the investigation against the Grovers in the cheating and forgery FIR.
The court was hearing a plea moved by Grover and his wife Madhuri Jain Grover seeking quashing of the LOC issued against them in connection with the investigation into the cheating and forgery case.
"Accordingly, the present petitions are disposed of with a direction to the respondents to cancel the LOC against the petitioners in their records," the court noted.
Earlier, the Grovers claimed that they were informed about the LOC for the first time when they were detained at the Indira Gandhi International Airport here on November 16, 2023, while they were scheduled to travel to the US.
After being detained, they were informed that the LOC was operational from November 6, 2023.
In May last year, the EOW filed an FIR against Grover, his wife Madhuri, and others under eight sections of the Indian Penal Code, including 406 (criminal breach of trust), 420 (cheating and dishonesty), 467 and 468 (forgery), and 471 (using forged documents as genuine) for an alleged Rs 81 crore fraud after a complaint was lodged by BhartPe, the fintech unicorn.
In its complaint, BharatPe alleged that Grover and his family caused damages to the tune of Rs 81.3 crore through illegitimate payments to bogus human resource consultants, inflated and undue payments through pass-through vendors connected to the accused, sham transactions in input tax credit and payment of penalty to GST authorities, illegal payment to travel agencies, forged invoices by Madhuri, and destruction of evidence.
Madhuri was the head of controls at BharatPe before she was fired in 2022 after a forensic audit revealed several irregularities.
Subsequently, Grover resigned as the chief executive officer of the fintech firm in March 2022.
