Central Vigilance Commission unearths Rs 190 crore flying club fraud - The Times of India
NEW DELHI: A large number of flying schools across India are involved in an elaborate fraud, posing as no-profit no-loss operations while raking in crores.
An investigation by the Central Vigilance Commission has found that a majority of flying schools/clubs in India posed as registered societies, operating on no-profit no-loss basis, to avoid paying the government full fee for operations. Resultantly, the government has lost at least Rs 190 crore in revenue, according to the CVC probe.