Overview
- Remand papers presented to the court allege about ₹415.10 crore in proceeds of crime generated through deceptive accreditation and recognition claims.
- Coordinated searches across roughly 19–25 locations in Delhi-NCR recovered about ₹48 lakh in cash along with digital devices and financial records.
- Investigators say funds were diverted to family-controlled firms and layered through shell companies, with nine linked entities registered at the same address under scrutiny.
- The probe is based on two Delhi Police Crime Branch FIRs following a UGC clarification that Al-Falah is listed only under Section 2(f) and not eligible under Section 12(B), with AIU membership already revoked.
- Authorities are examining potential terror-financing links tied to the November 10 Red Fort blast as the financial inquiry continues.