Gaya College & TPS College principals' financial powers restored

GAYA: Gaya College, Gaya, pPrincipal Shamsul Islam, who was divested of his financial powers a day earlier has got back the same and now two of the 14 principals figuring as accused in the vigilance case no. 39/2015 have retained their financial powers while 12 others have been divested of the same.
According to MU registrar Sushil Kumar, Gaya College principal Shamsul Islam has got back his financial power and TPS College, Patna, principal Srikant Sharma's case stood on a footing different from the other 12 principals who have been divested of their financial power.Earlier, Srikant Sharma escaped being punished along with 12 other accused of the vigilance case. According to the registrar, the decision not to seize the financial power of Islam and Sharma have been taken on the basis of legal advice tendered by the university's legal department.
Earlier, Srikant Sharma, principal, TPS College escaped punitive action and was the only principal among a set of 14 to have retained his financial powers despite figuring as accused in the vigilance case. Altogether, 14 serving principals figure as accused in the vigilance case and all others except Sharma were divested of their financial powers.
With MU VC Prof Md Ishtiaq divesting 12 principals of their financial powers, the colleges are now being run by lame duck principals. These colleges include Nalanda Mahila College, Biharsharif, and Guru Govind Singh College, Patna City. According to university insiders, the seizure of financial powers of these principals has, besides causing acute embarrassment, considerably eroded their authority inside their respective institutions.
Interestingly, some of the indicted principals figure as members in different academic and administrative bodies. Financial power of 12 of the 14 principals, who figure as accused in the vigilance, have given to some university officials. As per the new arrangement, dean, students welfare, Sitaram Singh will exercise the financial power of four different colleges including ANS College, Barh, and SBAM College, Darhetta Lari.