ED Raids FIITJEE Locations in Money Laundering Probe Linked to Sudden Closures

Last Updated Apr - 24 - 2025, 03:55 PM | Source : Fela News

The Enforcement Directorate (ED) conducts raids on FIITJEE locations across Delhi-NCR in connection with a money laundering investigation. The probe follows com

The Enforcement Directorate (ED) carried out raids at eight locations across Delhi-NCR on Wednesday as part of a money laundering investigation involving FIITJEE, a well-known coaching institute. This comes after the Delhi Police's Economic Offences Wing (EOW) filed an FIR based on complaints from parents who were affected by the institute’s sudden closure of several centres. Parents reported paying large sums of money in advance for the academic year but received neither services nor refunds when the centres abruptly shut down.

The ED is investigating allegations that funds collected from students were diverted for personal use or other ventures. The raids targeted the residential properties of key individuals, including promoter DK Goel, and several offices. The action is being conducted under the Prevention of Money Laundering Act (PMLA).

FIITJEE, which has 73 centres across the country, is under scrutiny after the EOW filed a case against it in March for failing to deliver promised services and engaging in deceptive marketing tactics. The institute’s east Delhi centre, in particular, is at the center of the investigation.