India, April 7 -- The secretary of the Servants of India Society (SIS), the parent body of the prestigious Gokhale Institute of Politics and Economics (GIPE), has been arrested for allegedly misappropriating Rs.1.5 crore in institutional funds. According to police, Milind Deshmukh was taken into custody on Saturday following a complaint lodged by GIPE's Deputy Registrar Vishal Gaikwad at the Deccan Gymkhana police station.

Deshmukh is accused of diverting GIPE funds during 2022-23 for the purchase of SIS land in Nagpur, without securing official permissions or following due process. As per the complaint, Deshmukh unilaterally drafted a letter on SIS letterhead, stamped by the Gokhale Institute, demanding to freehold SIS land valued at Rs...