बुधवार, 27 जून 2018

KIIT/KISS developed with Public Money for public purpose and requires public scrutiny


 Public money used by Achyut Samant for developing infrastructure of  KIIT /KISS 

 IIT/KISS has used  huge public money   termed it  as direct finance for developing its infrastructure and management of the  institution  by taking grants, loans   and donations  from various public institutions.  As per  the  Annual Audit report of KIIT ( consolidated Balance sheet as at 31st March , 2009) which is available with us,  KIIT  has borrowed loan  from different nationalised  banks at the tune of  Rs. 171,40, 85,295.00.  The details of  loan received from different banks is  as follows.  These loans are  considered  as public money used  by KIIT.  

Sl.No
Name of Bank
 Loan amount granted to KIIT
                                            Loan and Advances  from Bank
1
Allahabad Bank
36,21,53,285.00
2
Canara Bank
7,13,19,571.00
3
Union Bank of India (New Delhi)
9,12,35,063.00
4
State Bank of India
15,53,44,072.00
5
Punjab National Bank
6,76,88,993.00
6
Oriental Bank of Commerce
39,67,80,098.00
Loan and Advances from Other Agencies
1
CEAT Finance
19,26,800.00
2
GE Capital Services India
2,12,50,067.00
Overdrafts
1
Allahabad Bank  ( OD A/c)
29,80,27,009.00
2
Oriental Bank of  Commerce ( OD A/c)
13,00,78,767.00
3
Punjab National Bank ( OD A/C)
15,69,06,109.00
4
State Bank of India ( OD A/C)
13,00,14,186.00
B.    KIIT has gained unsecure loan Rs. 6,51,50,000.00  ( 2009 Audit Report) which also includes public money that needs to be examined  by the Government.
C.    KIIT has also shown source of other income Rs. 12,01,46,834.00  which is also public money , needs to be examined by Public. 
D.   Besides that KIIT has also received huge donation, subsidy  and grants from various Govt. Institutions for research and development activities from 2005 to 2017 . It establishes the fact that  there is active and pervasive control of the Central Government Organizations over the KIIT University not only functionally and administratively but also financially. 

     Information about Bank loan received  by KIIT and KISS from various Banks could not  be supplied  due to non-supply of the information by the concerned agencies).


Pradip PradhanM-9937843482Date- 28.6.18 

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