YV Rao, the disgraced director of the prestigious National Institute of Technology (NIT) Warangal who has allegedly siphoned off around 60 crores meant for NIT has offered to resign from his post.
Today he had to face lot of unanswerable questions from the NIT students and at last he let his signature of a blank paper and gave it to the students and asked them to treat it as his resignation letter.
Yesterday about 2,000 students residing in various hostels on the campus came out openly alleging large scale misappropriation of public funds by director Y.V. Rao. The students alleged there was no water supply on the campus and the food was of very poor quality which forced nearly 600 students go out everyday.
The students allege that a building of 1000 beds was given for construction to Nagarjuna constructions for 70 crores while the building could have been easily built with just 15-20 crores. “The director is supreme in all matters. He takes unilateral decisions and snubs whoever questions him,” the students allege.
The students also alleged that since the past few months the illegal activities of the director have grown exponentially and he has amassed huge funds.
It is nice to see that the students are not prepared to let corruption take place in the campus said the local leaders present there.
It should be advantage to book the hostel in advance, to save money and time.
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