Cloud over his degree, IIM Rohtak director faces probe on money transfer

Abstract

Months after the Union Government amended the Indian Institute of Management (IIM) Act, granting it greater say in the functioning of the 20 premier business schools, the Education Ministry has launched an inquiry into the accounts of IIM-Rohtak to investigate allegations of financial irregularities, including a complaint that the institute “illegally” transferred Rs 2 crore to its director’s account as “variable pay.”

The Indian Express has learned that the ministry, a little less than two months ago, tasked its Principal Chief Controller of Accounts with investigating allegations of funds embezzlement by the institute’s director, Dheeraj Sharma, in the form of “variable pay” and charging of “exorbitant fees from students,” among other concerns. The PPCA was asked to submit a “detailed report” on the same.