Overview
- Investigators said immovable properties worth about Rs 139.97 crore, including roughly 54 acres of the Faridabad campus with buildings and hostels, have been provisionally attached under the PMLA.
- The prosecution complaint names Al-Falah Group chairman Jawad Ahmed Siddiqui and the Al-Falah Charitable Trust, with Siddiqui remaining in judicial custody following his November 18 arrest.
- The ED has quantified alleged proceeds of crime at about Rs 493.24 crore, citing misleading claims of NAAC accreditation and UGC Section 12(B) status used to induce admissions and fee payments.
- The agency alleges institutional funds were routed to family-controlled firms such as Amla Enterprises and Karkun Construction, with outward remittances exceeding Rs 4 crore to Siddiqui’s wife and son.
- Officials indicated arrangements for state oversight or a government-appointed receiver to run the university during the case, while ED, Delhi Police and the NIA pursue related financial and security investigations.