The accusations of financial misconduct and the diversion of funds led the authorities to initiate a deeper investigation into the operations of the institute. | Photo credit: sushil kumar verma/ The Hindu
The configuration address (ED) on Thorsday Day said that it is carrying out raids in eight locations related to Fiitjee, one of the best known training institutes in India, as part of a money laundering investigation in money laundering.
The searches went to the offices of the institute and the residence of its founder, DK Goel, through Delhi, Noida and Gurugram.
The raids follow multiple signed in Delhi and Uttar Pradesh after the abrupt closure of several Fiitjee centers in January 2025.
The closures left approximately 12,000 stranded students and caused the outrage of the parents, many of whom had paid Handzel anticipation rates without receiving reimbursements or notices. The accusations of financial misconduct and the diversion of funds led the authorities to initiate a deeper investigation into the operations of the institute.
The familiar sources with the case say that the Emergency Department is examining the claims that the registration rates collected from the students were misuse or channeled in unrelated entities to obtain personal profits, instead of supporting academic activities.
Duration of searches, officials confiscated effective; Documents; And digital evidence to track the Sedped Money Path.
In a parallel movement, the UP police already reported that around 300 bank accounts linked to Fiitjee and recovered ₹ 60 Lakh in cash were frozen.
The founder, DK Goel and another 11 have been appointed in police investigation.
Founded in 1992, Fiitjee has long occupied a place in the competitive training industry of India, especially for students who prepare for admission exams such as the JEE. Information research has increased serious conerns on transparency and responsibility within the sector.
ED’s findings could lead to trial and property seizures if money laundering charges are tested. “According to the PMLA, the ED has barriers to attach assets and prosecute criminals,” legal experts said.
More like this
Posted on April 24, 2025