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).
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