Police have arrested Milind Deshmukh, the secretary of SIS, for stealing money from the Gokhale Institute of Politics and Economics (GIPE). This happened after a complaint was made by Dr. Vishal Gaikwad, the Deputy Registrar, who found serious problems with how money was being managed at the institute. The amount involved is a huge Rs 1.42 crore, which is about $171,000.
The investigation showed that money was moved improperly between GIPE and SIS accounts. This raised big questions about how well the money is watched over at the institute. Deshmukh’s arrest is an important step in dealing with the bad management of funds and could affect how GIPE operates in the future.
Deshmukh has had legal troubles before for cheating and forgery. This makes people worry about how he managed money at SIS and GIPE. Authorities are now looking closely at his past actions to see if they affected the financial health of the institute.
The police are also going to check all the money transactions between SIS and GIPE to find out where the stolen money went and if anyone else helped Deshmukh. This situation has caused a lot of arguments within SIS, with many people wanting Deshmukh to be removed from his job.
The news of this fraud has hurt the reputation of GIPE, making it harder for them to get donations and partnerships in the future. As the investigation continues, more schools might start checking their money management to avoid similar problems.
