The University of Greater Manchester has suspended its vice chancellor following “serious allegations”.

Professor George Holmes, who has led the university for 20 years, has been suspended alongside two senior members of academic staff at the institution, formerly known as the University of Bolton.

It comes after the university commissioned an independent investigation into recent allegations made about the institution in Bolton

In a statement a university spokesman said the suspensions are a “precautionary measure and do not imply any assumption of guilt”.

Lucy Powell, leader of the House of Commons, told MPs in March that the police and the Office for Students (OfS) were investigating “serious allegations” of racism, bullying and financial misconduct at the university.

Her comments came after Phil Brickell, the Labour MP for Bolton West, said he had been contacted by whistleblowers with further allegations about “concerning practices” at the university.

A statement by the university on Tuesday said: “The university was made aware of PwC’s findings following its investigation into serious allegations raised in the media and subsequently in Parliament.”

“The university has taken this step to ensure a fair and transparent process.

“As the university’s internal procedures, involving all relevant parties, have now begun, we are not able to comment further until such matters are concluded.”

Dr Greg Walker has assumed the role of acting vice-chancellor and interim accountable officer during the investigation.

In December, the University of Bolton changed its name to the University of Greater Manchester following approval from the OfS.