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According to an opposition leader, the businessman Agarwal's pledge last week of $1-billion to set up Vedanta University, in the South Indian state of Orissa, is a gimmick to divert attention from his corrupt mining deal with the state's government. The $1-billion pledge, which if realized would be the largest gift ever made to a higher-education institution, is intended to create a multidisciplinary elite university for 100,000 students that would open in 2008.

A seven-month investigation revealed that a number of Chile's universities are illegally operating as profit-oriented businesses. According to a report conducted by a special investigation committee, eight universities violated anti-profiteering laws amidst findings of increased salaries among executives, circulation of finances between companies under the same private ownership and outsourcing of services as means of generating revenue.

A warning by German anti-corruption organisation Transparency International that links between higher education and business are becoming increasingly obscure has sparked an open debate. "We are observing corporate interests increasingly dominating teaching and research to a large extent,” said Director of Transparency International Germany.

Federal prosecutors are investigating an agreement between a Brazilian Federal University and a state-controlled oil company, which allegedly subcontracted tenured staff meant to work solely for the university via an academic foundation. However, after the investigation appeared to show widespread irregularities and fraud, higher education groups in Brazil have denied that there is insufficient transparency in the relationships between public universities and private companies.