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yesterday

FIITJEE Under ED Scrutiny for Alleged ₹250 Crore Fraud

The coaching institute is accused of collecting fees from over 14,000 students without delivering services, with funds allegedly diverted for personal use.

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Enforcement Directorate (ED), Lucknow, had conducted searches t seven locations across Uttar Pradesh's Gautam Buddha Nagar (Noida), Delhi, and Haryana’s Gurgaon in connection with the FIIT-JEE case which revealed that approximately ₹206 crore was collected from students of running batches on the pretext of providing educational services, which were not delivered. (Representative image/Saumya Khandelwal/HT Photo)

Overview

  • The Enforcement Directorate (ED) alleges FIITJEE collected ₹250.2 crore in fees from 14,411 students for academic sessions between 2025-2029 but failed to provide promised educational services.
  • Raids conducted on April 24, 2025, at seven locations in Noida, Delhi, and Gurugram uncovered ₹10 lakh in cash and jewellery worth ₹4.89 crore.
  • Evidence seized during the searches suggests a systematic scheme to siphon off funds, while faculty salaries remained unpaid and 32 centres were abruptly shut down.
  • The ED’s investigation, under the Prevention of Money Laundering Act (PMLA), follows multiple FIRs filed by parents alleging financial fraud and breach of trust.
  • Approximately 15,000 students and their families are left in distress, seeking refunds or the resumption of promised coaching services.