FIITJEE money laundering case: ED conducts searches in Delhi-NCR
The case stems from FIRs filed by Noida and Delhi Police on the complaints of some parents, who said FIITJEE centres were shut suddenly, leaving their children in the lurch.
The Enforcement Directorate on Thursday raided multiple premises in Delhi-NCR as part of its money laundering investigation against the coaching institute FIITJEE.
Searches are being done at locations in Delhi and neighbouring Noida and Gurugram, including those of the promoters of the coaching institute, said officials.
The action is being undertaken under the Prevention of Money Laundering Act.
The case stems from FIRs filed by Noida and Delhi Police on the complaints of some parents, who said, in January, that FIITJEE centres were suddenly shut, leaving their children in the lurch, the officials said. The parents said they deposited lakhs of rupees as fee but got no service or refund, they added.
Founded by DK Goel in 1992, FIITJEE (Forum for Indian Institute of Technology Joint Entrance Examination) provides coaching to engineering aspirants for competitive exams such as JEE, NTSE, KVPY, and Olympiads.
Over the years, the institute built a reputation for its rigorous academic environment and high success rates. With a network of 73 centres across India, FIITJEE was a prominent player in the field of coaching for decades, attracting thousands of students annually.
With inputs from PTI.
Edited by Swetha Kannan