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Students left in a lurch after London B-school shuts shop
A sudden change in visa regulations by the United Kingdom Borders Agency (UKBA) has been cited as the reason behind the shutting down of the B-School.

THE TASMAC London School of Business, which abruptly shut shop on October 6 has left 230 students from Maharashtra in the lurch. The students, 20 of whom are from Mumbai, were expecting their first semester results when they were told that the school, run by Pune-based group of directors, was closing its operations.

One of the affected students reportedly told media that some of her friends are even contemplating suicide. It came as a shock from nowhere. Some of my friends are contemplating suicide, which in itself is so depressing. The message in my inbox shook the ground beneath my feet as I read that the school has shut shop. We are over a thousand of us and have been left on the roads without our degrees.
According to students, issues started cropping up in April this year when the UKBA changed its visa rules. "Even back then, we felt some jitters but everything went on as normal and we were fine, this is a shock,” says Praniti Sen (name changed), who is from Mumbai.
They should have at least realised that with an incomplete course, we would just be nowhere. This, after our parents paid through their nose to get us in here.

"The University of Wales and Tasmac are in constant touch and today’s meeting indicated that all students will be taken care of. Those who have visas need not worry anyway and even the new students who are in a limbo will be placed well. They may have to pay an additional fee if required,” an unnamed spokesperson said. A source said the school had to be closed down as it was not making profits as expected and efforts to bring in investors had not materialised.
The source claims that TASMAC was in the process of handing over the operations of the London school to another company in India but the deal fell through at the last moment and the only reason that could be cited as an excuse was the UKBA visa regulations.
We have approached the Indian embassy and they have promised to take adequate action once we file a written complaint. The UK authorities are also verifying the details. We won’t let this pass so easily.

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