Dhaka, May 4 -- The University Grants Commission (UGC) may dissolve the Boards of Trustees (BOTs) of private universities if allegations of financial irregularities are substantiated, and appoint administrators to oversee the institutions' operations.

Boards of Trustees (BOTs) of at least 20 to 30 private universities are facing serious allegations of money laundering, fund misappropriation and financial irregularities, UGC Member Professor Dr Mohammad Anwar Hossain told UNB in an interview.

"Where there are substantial allegations against the boards of private universities, we will consult with the government and if necessary appoint administrators to ensure proper governance. If more innovative or better ideas come from the government...