ED Raids 8 Locations Linked to FIITJEE in Delhi-NCR Amid Probe Into Centre Closures

ED Raids Locations Linked to FIITJEE: The Enforcement Directorate (ED) on Thursday conducted raids at several locations in Delhi-NCR in connection with an alleged money laundering case against coaching institute FIITJEE, which recently closed its centres abruptly, leaving many students stranded.

Locations in Delhi, Noida, and Gurugram were being searched, including those belonging to the promoters of the institute, reported news agency PTI, citing officials.

The parents have alleged that they had made advance payments worth lakhs for the entire year and FIITJEE centres neither provided service or refund, they added.

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Noida Police had frozen ₹11.11 crore from 12 bank accounts linked to FIITJEE Coaching Institute's founder Dinesh Goyal in February, it said. An FIR was registered in this regard at the Knowledge Park police station under sections 318 (4) and 316 (2) of the Bhartiya Nyay Sanhita (BNS).

“The Knowledge Park police and the cyber crime team have found out that the PAN card of Dinesh Goyal, the founder of FIITJEE, is linked with 172 current accounts and 12 saving accounts. Police have frozen ₹11.11 crore from the 12 bank accounts of FIITJEE and further investigation is on," PTI had quoted Ashok Kumar, Additional Deputy Commissioner of Police (ADCP), Greater Noida, as saying.

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.

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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.

"The allegations claimed that the institute engaged in misleading advertisements, exaggerated success claims, and deceptive marketing tactics to attract students and collect substantial course fees," deputy commissioner of police (EOW) Vikram K Porwal said in the statement.

A case was filed under sections 406 (criminal breach of trust), 420 (cheating and dishonestly), 120-B (criminal conspiracy), and 34 (common intention) of the IPC against FIITJEE Ltd, its managing director (MD) Dinesh Kumar Goel, and other officials involved in the deceptive practices, it read.

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