Is WAQF board a corrupt nexus?

Lately we all are seeing the controversies related to waqf board and the proposed waqf ammendment bill. Also by seeing waqf claim literally every other property specially the likes of am entire village consisting of Christians in kerala , is the waqf board really helping the indian muslim diaspora?

In my town in West Bengal there is a waqf board near a market place and the market place is under waqf board so the sellers pay the board taxes and rents for the properties. And its quite a lot of money. But i haven't seen the waqf board take any step towards the betterment of muslim community in our town.

For example there are many meritorious students who are studying in government madrashas here who are not at all financially well to do but the waqf board have never come in the picture to help them in any way, it is done by different teachers organisations and ngos.

Let alone leave that charity the even have never held a big iftar mahfil during ramzan.

So my question is where is this great chunk of money is going earned by the board.

Would like people's thoughts on this.