Overview
- The Enforcement Directorate filed a PMLA chargesheet on January 16 naming Jawad Ahmed Siddiqui and the Al-Falah Charitable Trust, with Siddiqui remaining in custody after his November 18 arrest.
- The agency provisionally attached roughly Rs 139–140 crore in assets covering about 54 acres at the Dhauj, Faridabad campus, including academic buildings and hostels.
- Investigators cite Delhi Police FIRs alleging false NAAC claims and improper references to UGC 12(B) status as the basis for admissions and fee collections now treated as proceeds of crime.
- The probe alleges more than Rs 110 crore was routed to family-linked firms such as Karkun Construction and Amla Enterprises, alongside foreign remittances to relatives and undisclosed related-party transactions.
- The financial case remains tied to security investigations into the November 10 Red Fort blast involving university-linked individuals, with a receiver arrangement considered to safeguard students during proceedings.