Archive · 6 Jun 2025
Ex-MD Booked for Forgery and Cheating in Education Company Case
Imagine a school company's boss, Ashok Kumar, who used to be in charge, got into trouble.
The new bosses, after he left, found out he may have done something wrong.
They think he took out loans to buy buses, but made the prices higher than they should have been.
This might have helped him make extra money.
They also think he pretended the company's directors agreed to the loans, but they never actually did.
Now, the police are looking for him because of these accusations.
Ashok Kumar, former MD of Indian Public Schools Private Limited (IPSPL), has been booked for forgery and cheating.
The charges stem from a complaint by a current director, Sivashankaran Pattanam Singaram.
Kumar was removed as MD on March 24 due to actions against the company's interests and financial losses.
He allegedly secured loans for buses at inflated prices to generate undue profits.
Kumar is accused of using a forged board resolution to obtain the loans.
- Who
- Ashok Kumar, the former managing director of Indian Public Schools Private Limited (IPSPL), is the accused.
- What
- Ashok Kumar is booked for forgery and cheating.
- When
- The FIR was registered on May 23.
- Where
- The case is related to a company in Coimbatore.
- Why
- Ashok Kumar is accused of acting against the company's interests and causing financial losses by allegedly securing loans at inflated prices.
- Accused
- Ashok Kumar
- Role
- Former Managing Director of Indian Public Schools Private Limited (IPSPL)
- Charges
- Forgery and Cheating
- Location
- Coimbatore
- Alleged Crime
- Secured loans for buses at inflated prices
- FIR Date
- May 23
- Evidence
- A forged board resolution extract