Pune: Gokhale Institute's Parent Body Secretary Milind Deshmukh Granted Bail In Alleged ₹1.42 Crore Fraud Case

In a big update in the ₹1.42 crore GIPE funds case from 2022 related to a land deal, bail has been granted to Milind Deshmukh, who is the former secretary of the Servants of India Society (SIS), the parent body of the prestigious Gokhale Institute of Politics and Economics, today by the court.

Deshmukh, who was arrested on April 6 by Deccan Gymkhana police for allegedly diverting ₹1.42 crore of GIPE funds in 2022 for a land deal in Nagpur, was earlier remanded to 14-day judicial custody.

Chancellor and Economic Advisory Council to the PM (EAC-PM) member Sanjeev Sanyal was recently removed from his position by SIS, citing the institute’s “declining academic standards” and its ‘B’ grade in a recent NAAC accreditation exercise. However, Sanyal was reinstated later after a reversal of the earlier decision by Sahoo.