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3d ago

ED Raids Multiple FIITJEE Locations in Money Laundering Investigation

The Enforcement Directorate is searching properties linked to FIITJEE's promoters after abrupt closures of coaching centres disrupted education for 12,000 students.

Parents protest outside the FIITJEE Sector 62 campus in Noida on April 13, 2025. (Sunil Ghosh/ HT)
Locations in Delhi and neighbouring Noida and Gurugram, including those of the promoters of the FIITJEE coaching institute, are being searched, the officials said.
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Overview

  • The Enforcement Directorate (ED) is conducting raids at eight to ten locations in Delhi-NCR, targeting FIITJEE properties as part of a money laundering probe under the Prevention of Money Laundering Act (PMLA).
  • The investigation follows allegations that hundreds of FIITJEE centres closed abruptly between December 2024 and January 2025, leaving students without services or refunds despite advance fee payments.
  • Noida Police previously froze ₹11.11 crore across 300 bank accounts linked to FIITJEE and seized ₹60 lakh in cash as part of earlier investigations.
  • Three FIRs have been filed against FIITJEE officials in Ghaziabad, Noida, and Greater Noida, citing charges of cheating, breach of trust, and criminal conspiracy.
  • FIITJEE management denies institutional fault, attributing the closures to mismanagement by partners and alleging a conspiracy by competitors to damage its reputation.