The probe was initiated following multiple FIRs filed by parents with the Delhi and Noida police, after several FIITJEE centres across the country closed down without prior notice in January.
NEW DELHI: The Enforcement Directorate (ED) on Thursday conducted multiple raids across Delhi-NCR as part of its ongoing money laundering investigation against coaching institute FIITJEE, which abruptly shut down several of its centres earlier this year, affecting nearly 12,000 students.
Searches were carried out at eight locations in Delhi, Noida, and Gurugram linked to FIITJEE, its promoter D.K. Goel, and other associated individuals. The action is being taken under the Prevention of Money Laundering Act (PMLA), officials confirmed.
The probe was initiated following multiple FIRs filed by parents with the Delhi and Noida police, after several FIITJEE centres across the country closed down without prior notice in January. Parents alleged that they had made full-year advance payments and were left in the dark about the closures, creating uncertainty for thousands of students preparing for competitive engineering exams.
The ED is investigating allegations that funds collected from the coaching centres were diverted for personal use and routed to other entities.
FIITJEE, once a prominent coaching institution offering preparation for IIT-JEE and other engineering entrance exams, operated 73 centres nationwide before the closures.
