1 week ago
BCI Chief Rejects Financial Allegations, Challenges Co-Chairman to Prove Them
The Bar Council of India is facing a dispute between its chairman and co-chairman.
YR Sadasiva Reddy accused Chairman Manan Kumar Mishra of financial and administrative wrongdoing.
He alleged that Rs 150 crore was moved to a private trust connected to Mishra.
Reddy also said some law colleges were asked for large contributions when seeking approval or renewal.
He asked Mishra to resign within 15 days.
Mishra rejected the allegations and said the council’s accounts are audited every year.
He challenged anyone to prove financial irregularities and promised to step down if they did.
Mishra also said political opponents were behind the accusations.
BCI co-chairman YR Sadasiva Reddy demanded Chairman Manan Kumar Mishra’s resignation within 15 days.
Reddy alleged that Rs 150 crore in BCI funds was transferred to a private trust managed by Mishra.
Reddy also alleged opaque appointments and demands for contributions from law colleges seeking approval or renewal.
Mishra denied financial wrongdoing, citing annual audits by a certified chartered accountant.
Mishra said he would immediately step down if any financial irregularities were proven and called the allegations politically motivated.
- Who
- Bar Council of India Chairman Manan Kumar Mishra and co-chairman YR Sadasiva Reddy.
- What
- Reddy accused Mishra of financial irregularities, opaque appointments, and misuse of regulatory powers; Mishra denied the charges and challenged Reddy to prove them.
- Where
- When
- The exchange was reported on Saturday; Reddy’s letter gave Mishra 15 days to resign.
- Why
- Reddy sought Mishra’s resignation over alleged transfers to a private trust, appointments, and contributions allegedly sought from law colleges; Mishra said the accusations were politically motivated.
YR Sadasiva Reddy’s allegations
Manan Kumar Mishra’s response
Financial management
YR Sadasiva Reddy’s allegations
Reddy alleged that Rs 150 crore in funds contributed to the BCI was transferred to a private trust registered by Mishra.
Manan Kumar Mishra’s response
Mishra denied financial irregularities and said BCI accounts are audited annually, with the audit information publicly available.
Law-college contributions
YR Sadasiva Reddy’s allegations
Reddy alleged that colleges seeking approval or renewal were asked for contributions of Rs 25 lakh to Rs 1 crore to a private trust.
Manan Kumar Mishra’s response
Mishra rejected the broader allegations and challenged critics to prove financial wrongdoing.
Resignation and motives
YR Sadasiva Reddy’s allegations
Reddy demanded Mishra’s resignation within 15 days, also referring to the controversy over a withdrawn order involving NALSAR University of Law graduates.
Manan Kumar Mishra’s response
Mishra said he would step down if the charges were proven and claimed the allegations were politically motivated.
Key facts
- Organisation
- Bar Council of India
- Chairman
- Manan Kumar Mishra
- Co-chairman
- YR Sadasiva Reddy
- Alleged fund transfer
- Reddy alleged that Rs 150 crore was transferred to a private trust managed by Mishra.
- Resignation demand
- Reddy demanded Mishra’s resignation within 15 days.
- Audit claim
- Mishra said BCI transactions are audited annually by a certified chartered accountant.
- Alleged college contributions
- Reddy alleged that law colleges were asked for contributions ranging from Rs 25 lakh to Rs 1 crore.
Quotes
Manan Kumar Mishra
Chairman of the Bar Council of India
“As far as BCI’s money transactions are concerned, they are audited every year by a certified chartered accountant. It is there in the public domain. Anybody can see and make comments about it. There is absolutely no objection by any auditor or anybody.”
thestatesman.com
“Nobody can raise a finger on Manan Mishra’s honesty and integrity. I challenge anyone, if they can prove that there is any kind of financial irregularity, I will immediately step down and will be ready to face the consequences.”
thestatesman.com
Sources
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