Tuesday | May 13 2025 | 10:59:21 PM
New Delhi, April 24
Enforcement Directorate (ED) conducted raids at eight locations across Delhi-NCR in connection with a money laundering investigation linked to FIITJEE, a prominent coaching institute.
The ED teams searched the residential premises of key conspirators, including one of the promoters, DK Goel, and a few offices in Delhi-NCR. The action is being undertaken under the Prevention of Money Laundering Act (PMLA).
The raids come after the Delhi Police’s Economic Offences Wing (EOW) registered a First Information Report (FIR) based on complaints from aggrieved parents.
Several FIITJEE centres across the country shut down abruptly without prior notice. Parents, who had paid fees in advance for the full academic year, claimed they were left in the lurch with no communication from the institute regarding the sudden closures. The parents said they deposited lakhs of rupees as fee but they got no service or refund, they added.
ED said that the founders allegedly resorted to diversion of funds taken from coaching centres towards personal gains or other entities.
FIITJEE provides coaching for competitive examinations to engineering aspirants and has 73 centres across the country.
In March, the EOW of the Delhi Police filed a case against FIITJEE Ltd for allegedly failing to provide the services it promised to students and abruptly ceasing operations mid-January.
FIITJEE Coaching Institute, specifically its east Delhi Centre in Laxmi Nagar, is at the heart of the matter, with 192 complaints against it by students and parents, EOW in a statement said.
