The Enforcement Directorate (ED) has taken major action against Al-Falah University and people associated with it in the money laundering case and filed a charge sheet in the court. The names of Jawad Ahmed Siddiqui and Al-Falah Charitable Trust are included in this charge sheet. ED claims that many educational institutions operated by Al-Falah Trust have allegedly defrauded students.
ED had earlier registered a case in this matter under the Prevention of Money Laundering Act (PMLA). During the investigation, the agency suspected that funds belonging to the university were wrongly diverted and their actual sourcing was concealed. On this basis, a case of money laundering was registered. During the investigation, ED examined many important documents related to bank transactions, account books and financial transactions.
ED has so far attached the property of Al-Falah University spread over 58 acres worth Rs 140 crore. The Enforcement Directorate (ED) says that the investigation is still going on and more action can be taken if needed. After this action, there has been a stir in the matters related to the education world and the trust. The Enforcement Directorate (ED) says that they did not have the necessary valid recognition to provide education, yet fees were collected from the students. According to sources, ED is preparing to attach the university campus under the Prevention of Money Laundering Act (PMLA). The agency suspects that the proceeds of crime have been used in the construction of several buildings of the university.
Al Falah University is under the scanner of central agencies after the car bomb blast that took place near the Red Fort on November 10 last year in Delhi. It is reported that under an interim order issued under the Prevention of Money Laundering Act (PMLA), 54 acres of land of the university located in Dhauj area of Faridabad, buildings of the university, buildings and hostels belonging to various schools and departments have been attached.
