Mysore/Mysuru: Accusing KSOU (Karnataka State Open University) of burning out the resources by illegal appointments and construction of buildings, former KSOU Vice-Chancellor Prof. N.S. Ramegowda maintained that the University will go bankrupt in five years if indiscreet spending is not checked.
Addressing a press meet at Patrakarthara Bhavan here recently, he launched a tirade against the KSOU authorities for spending huge money in the name of Silver Jubilee celebrations. Maintaining that KSOU’s annual revenues stood at Rs. 6 to Rs. 8 crore, he said that the University was spending a whopping Rs.40 crore by utilising reserve funds.
