ED raids 8 locations linked to FIITJEE in Delhi-NCR

The Directorate of Enforcement (ED) on Thursday morning carried out searches at eight locations in Delhi, Noida and Gurugram in connection with an alleged money laundering case against coaching institute FIITJEE, which recently closed its centres abruptly, leaving many students stranded.

According to sources, the action was taken after several FIRs were registered in Uttar Pradesh and Delhi in connection with the matter.  In January this year, several FIITJEE centres across the country had abruptly closed down without any notice.

Parents of wards undertaking coaching in these centres, had alleged that they had made huge advance payments for the entire year, but FIITJEE reportedly did not inform them about the sudden closure of their centres, leaving the future of around 12,000 students in uncertainty. Parents had further alleged that no refund of fees was provided to them.

ED searches on Thursday took place at residential premises of key conspirators in the case, including one of the promoters of the coaching institute, DK Goel as well as at few other offices, sources informed.

Allegations against the institute’s promoters include diversion of funds taken from coaching centres towards personal gains and other entities, sources informed further.

FIITJEE institutes provide coaching to engineering aspirants for competitive exams. The institute has as many as 73 centres across the country. The matter had first come to light when FIITJEE centres in Ghaziabad’s Raj Nagar, Sector 62 of Noida, and Greater Noida were closed suddenly, leaving students in a fix right before their examination in January this year.

India