ED attaches ₹39.45 crore assets tied to Al-Falah Trust
ED attaches ₹39.45 crore assets tied to Al-Falah Trust
The Enforcement Directorate has attached assets worth ₹39.45 crore linked to the Al-Falah Charitable Trust and its chief in a money laundering probe connected to last year’s Delhi blast case.
The Enforcement Directorate has attached assets worth ₹39.45 crore linked to the Al-Falah Charitable Trust and its chairman, Jawad Ahmad Siddiqui, as part of a money laundering probe tied to last year’s Delhi blast case. The agency said the round of attachments includes residential premises in Jamia Nagar, a slice of Faridabad’s Dhauj area, and various financial instruments held by Siddiqui and the trust. The move expands an ongoing investigation that authorities say unearthed a complex web of transactions aimed at obscuring the true proceeds of crime.
In detail, the assets include residential premises in Jamia Nagar, agriculture land at Village Dhauj near Faridabad adjacent to the Al-Falah University Campus, and linked demat holdings, bank balances and fixed deposits belonging to Siddiqui and the trust, all under the Prevention of Money Laundering Act.
Earlier, in January, the ED had already attached land and a building at the Al-Falah University Campus, Dhauj, Faridabad valued at ₹144.09 crore. Investigators say the proceeds generated ₹493.24 crore as Proceeds of Crime by the Trust/University from FY 2016-17 to 2024-25, with funds diverted to entities controlled by Siddiqui and his family, including Karkun Construction and Developers, Amla Enterprises LLP, and Diyala Construction and Developers Pvt Ltd, before being siphoned to foreign destinations.
A charge sheet was filed in January naming Siddiqui and the trust; Siddiqui is currently in judicial custody.
The agency said in a statement that it has attached assets worth ₹39.45 crore, and that the total value of attachment in the case now stands at ₹144.09 crore. Siddiqui is currently in judicial custody.
