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In raids that stretched for almost 48 hours, the Income Tax (IT) authorities over the November 20 weekend searched the residences and office of Dr Uday Salunkhe, Director of Welingkar Institute of Management, Matunga, Mumbai. While it is learnt not a lot of cash was found, documentary evidence has been seized to help with further investigation.

The raids that started on Saturday were apparently spurred by a lone complaint filed by a student last year, that of being charged illegal capitation fee for a seat in the institute's MBA-equivalent program. However, this complaint was made a year ago during the 2009-10 admission season but for want of time and other pressing matters, no action was taken then. "This student was persistent over the months and so the decision to raid was finally taken," said an IT official on the condition of anonymity.

 The Income Tax raid was spurred by allegations that Dr Salunkhe, an engineer-MBA and a PhD who holds important positions at the Mumbai University, was charging capitation fees and admitting students through the backdoor instead of through the normal process of entrance exams and interviews. IT officials were not willing to admit or deny that Salunkhe's bank lockers in both Pune and Mumbai had been sealed. One IT official told us that the Director had totally denied amassing any ill-gotten wealth and had claimed that whatever wealth was seized from his residence or the Welingkar campus belonged to the trustees of the institute. IT officials have also questioned some more staff of the institute.

Source: http://education.in.msn.com/colleges/article.aspx?cp-documentid=4424397