ED attaches Al-Falah University assets as charge sheet filed in money-laundering case
ED attaches Al-Falah University assets as charge sheet filed in money-laundering case
ED attachés assets worth ₹139-140 crore, files charge sheet against Al-Falah University chairman in a probe linked to the Red Fort blast.
The Enforcement Directorate has filed a charge sheet against Jawad Ahmed Siddiqui, chairman of Faridabad-based Al-Falah University, and the Al-Falah Charitable Trust as part of a money laundering probe tied to the November 10 Red Fort area blast. The agency also attached assets worth about ₹139 crore to ₹140 crore, including a 54-acre parcel of land within the Al-Falah campus. Investigators allege that firms controlled by Siddiqui and his family received contracts for hostel catering and for the construction of the university and hospital complex, with the Al-Falah Charitable Trust accused of acquiring land using university funds. The ED claims the university made fraudulent and misleading claims about accreditation to attract students and parents, generating proceeds of crime worth at least ₹415.10 crore. Siddiqui was arrested by the ED on November 18 on money laundering charges. The probe is described as part of a wider white-collar module, with several arrests including three doctors. The case centers on regulatory and financial scrutiny surrounding the private educational institutions run by Siddiqui’s trust, underscoring ongoing enforcement against perceived malpractices in education financing.
