Noida Police Freeze ₹11 Crore in FIITJEE Founder’s Bank Accounts
Authorities investigate financial irregularities as parents allege misconduct following sudden closures of FIITJEE centers across multiple cities.
- Greater Noida police froze ₹11.11 crore from 12 bank accounts linked to FIITJEE founder Dinesh Goyal during an ongoing investigation into alleged financial misconduct.
- Investigators uncovered 172 current accounts and 12 savings accounts associated with the coaching institute, with further probes into additional funds underway.
- Parents filed complaints after FIITJEE abruptly shut down centers in cities including Noida, Ghaziabad, and Greater Noida, leaving students' futures uncertain.
- An FIR was registered under sections 318(4) (cheating) and 316(2) (criminal breach of trust) of the Bharatiya Nyay Sanhita against Goyal and other senior officials of FIITJEE.
- Police are coordinating with banks to identify and freeze additional funds as part of the investigation into the alleged mismanagement of parents' payments.