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Colleges and educational institutions

HEARD THAT THIS HAPPENS IN ALL MOST ALL PRIVATE COLLEGES OWNED BY POLITICIANS AND OTHERS, THIS IS VERY INTERESTING. THE .....




  #1  
05-05-2011
Junior Member
 
: May 2011
: NAGPUR
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Colleges and educational institutions


HEARD THAT THIS HAPPENS IN ALL MOST ALL PRIVATE COLLEGES OWNED BY POLITICIANS AND OTHERS, THIS IS VERY INTERESTING.

THE STAFF MEMBERS OF THESE COLLEGES RECEIVES IN BANK FULL AMOUNT OF THEIR SALARY AS PER WAGE REGISTER OF THEIR COLLEGE ACCOUNTS OFFICE.

THIS SALARY IS CREDITED IN THE STAFF'S ACCOUNT AND THEN STAFF IS FORCED TO WITHDRAW CASH AND REFUND TO ACCOUNTANT OF THE SCHOOL. WHICH GENERATES BLACK MONEY.

e.g.: SALARY NEGOTIATED AND FIXED AT THE TIME OF APPOINTMENT SAY 8000/- (COLLEGE RECORD SHOWS SALARY OF 26000/- HENCE 18000/- NEEDS TO BE REFUNDED)

ONLY EXPLOITED STAFF CAN EXPOSE THIS. BUT DUE TO FEAR OF LOOSING JOB, THEY WONT COME FORWARD TO REPORT CORRUPTION.

A MECHANISM IS REQUIRED TO STOP THIS HUGE AMOUNT OF BLACK MONEY BEING GENERATING ?
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