The Rai Foundation Group is an educational initiative founded in
India
India, officially the Republic of India ( Hindi: ), is a country in South Asia. It is the seventh-largest country by area, the second-most populous country, and the most populous democracy in the world. Bounded by the Indian Ocean on the ...
in 2002. The foundation's stated intent is to improve the quality of education at all educational levels. The foundation opened
Rai University
Rai University (RU) is a private university located in Ahmedabad, Gujarat, India. The university was established in 2012 by the Rai Foundation through the ''Gujarat Private Universities Act (Amendment), 2012'', the same act which established I ...
in 2012.
Foundation
Since its founding, the Rai Foundation Group has created several initiatives in the field of education. For instance, it offers free scholarships (including free lodging and boarding) for underprivileged girls to pursue bachelor's and master's degrees. It purports to be the philanthropic non-profit body. It was set up with the objective to address various sociocultural concerns of India and its people.
To this end, the foundation funded the development and initiation of Rai University.Rai University is in Ahmadabad Gujarat.
Controversy
In 2015, the government attached properties worth more than Rs 500 crore belonging to the Foundation, as part of a legal case relating to alleged sale of
fake qualifications and alleged
money laundering
Money laundering is the process of concealing the origin of money, obtained from illicit activities such as drug trafficking, corruption, embezzlement or gambling, by converting it into a legitimate source. It is a crime in many jurisdiction ...
by the Foundation.
In 2017, proceedings were taken against the trustees of the Foundation for criminally conspiring against students in 2002 when admitting them to law courses in the College of Law and Public Policy, as the college was not licensed to admit students.
References
External links
* {{official, http://www.raifoundation.org.in
Educational organisations based in India
2002 establishments in India
Organizations established in 2002