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Can Govt Aided School be bought by a indiviual person in Karnataka ?

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In my Locality we have Govt Aided School since 1965 but last year we got know it was bought by a Influential person with Political background ,Now he seems to have plan to close the school built apartment
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posted Sep 27, 2019 by Jana

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I had deposited some money in a private investor ( obliviously for more interest) now how business is in loss and I can't find him. So if I can find the properties owned by him I can attach it. Any help would be appreciated!!! By the way he has lot of land properties and I don't know how to find them!