The Federal Court has ordered to freeze the assets of Unique International College after a person close to the college directors transferred $30 million to a bank account in India.
Judge Geoffrey Flick asked Commonwealth bank, NAB and Westpac to clarify the nature of the $30m transfer to a Mumbai bank account by Surinder Kaur, who is believed to reside with Unique International College chief executive Amarjit Singh and his father, The Australian has reported.
Assets of several other associates of the college have also been frozen.
Unique International College is accused of misleading thousands of students into signing up for costly courses in exchange for “free” laptops.
Source: Supplied
The college allegedly targeted some of the most vulnerable groups in the Australian community, including consumers from remote areas and from low socio-economic backgrounds.
According to ACCC, only 2.4 per cent of the consumers who signed up to and commenced Unique’s courses between 1 July 2014 and 30 December 2014 completed their course.
The court has also ordered CEO Amarjit Singh and five others connected to the college to provide details to ACCC of details of any payments made by Unique or its associated companies since September.
Source: The Australian
The ACCC told Justice Flick it had become aware of the $30m transaction, which took place early last month, two weeks ago.
The court orders also revealed the sum of repayments from the college to the federal government could exceed $100m.
It must be added that when the news about ACCC taking Unique International College broke last year, Amarjeet Khela had vigourously defended himself via social media. In a fiery Facebook post, he wrote that he "would stay silent on the advice of his lawyers" but that he would "emerge victorious". He thanked friends for their support and thanked enemies for being “tonic water” giving him strength to fight.
“The man who believes facts after research is better than a person who believes blindly on rumours,” he had written in October 2015, urging people not to believe hearsay. “God bless all with prosperity and happiness,” he added.
