Overview
- Jawad Ahmed Siddiqui was taken into custody under PMLA Section 19 on Tuesday evening following coordinated searches at more than 25 locations from around 5:15am.
- The ED, working with Income Tax officials, seized about ₹48 lakh in cash along with digital devices and documents that officials say indicate fund layering and diversion.
- The probe stems from Delhi Police Crime Branch FIRs alleging false NAAC claims and misrepresented UGC Section 12(B) status; UGC recognizes the university only under Section 2(f) and AIU has revoked membership.
- Investigators allege crores were routed to family-linked firms through contracts to companies tied to Siddiqui’s wife and children, and they have identified a cluster of suspected shell entities sharing the same registration address.
- Authorities are examining any connection between the group’s finances or university infrastructure and suspects in the November 10 Red Fort attack, with the terror-financing inquiry ongoing.