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2w ago

Enforcement Directorate Raids FIITJEE Premises in Financial Irregularities Probe

The investigation focuses on alleged fund diversion and the abrupt closure of centres affecting 12,000 students, with multiple FIRs and complaints filed by parents.

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 conducted raids at 8-10 FIITJEE-linked locations in Delhi-NCR under the Prevention of Money Laundering Act (PMLA).
  • The probe stems from allegations of fund diversion, with parents claiming prepaid fees were misused and not refunded after the sudden closure of centres.
  • The Delhi Police Economic Offences Wing and Noida Police had previously frozen over ₹11 crore in accounts and seized ₹60 lakh in cash.
  • FIITJEE has denied the allegations, attributing the closures to mismanagement by local partners and calling the accusations a criminal conspiracy.
  • The closures in January disrupted the education of nearly 12,000 students, sparking widespread protests and multiple FIRs against the institute’s management.