ED conducts searches in Delhi-NCR in money-laundering case against FIITJEE  

The Directorate of Enforcement (ED) is carrying out searches at eight locations in Delhi, Noida and Gurugram in connection with an alleged money-laundering case against coaching institute FIITJEE, which recently shut its centres abruptly, leaving about 12,000 students in the lurch.

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According to sources, the action is being taken after several FIRs were registered in Uttar Pradesh and Delhi in 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 are taking place at residential premises of key conspirators in the case, including one of the promoters of the coaching institute, DK Goel, as well as 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, the sources said.

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.