Last Updated Apr - 24 - 2025, 03:55 PM | Source : Fela News
The Enforcement Directorate (ED) conducts raids on FIITJEE locations across Delhi-NCR in connection with a money laundering investigation. The probe follows com
The Enforcement Directorate (ED) carried out raids at eight locations across Delhi-NCR on Wednesday as part of a money laundering investigation involving FIITJEE, a well-known coaching institute. This comes after the Delhi Police's Economic Offences Wing (EOW) filed an FIR based on complaints from parents who were affected by the institute’s sudden closure of several centres. Parents reported paying large sums of money in advance for the academic year but received neither services nor refunds when the centres abruptly shut down.
The ED is investigating allegations that funds collected from students were diverted for personal use or other ventures. The raids targeted the residential properties of key individuals, including promoter DK Goel, and several offices. The action is being conducted under the Prevention of Money Laundering Act (PMLA).
FIITJEE, which has 73 centres across the country, is under scrutiny after the EOW filed a case against it in March for failing to deliver promised services and engaging in deceptive marketing tactics. The institute’s east Delhi centre, in particular, is at the center of the investigation.
Sep - 15 - 2025
Drama off the pitch is threatening to overshadow the action on it: the Pakistan Cricket Board (PCB) has lodged an official complaint with the ICC, ... Read More
Sep - 15 - 2025
There are hopeful signs of thawing tensions between India and the United States. According to officials, the US chief trade negotiator is expected ... Read More
Sep - 15 - 2025
It was a routine Sunday morning for Navjot Singh, deputy secretary in the Department of Economic Affairs, and his wife. After visiting Gurdwara Ban... Read More
Sep - 15 - 2025
In a sharp response to BJP MP Anurag Thakur’s recent remark, DMK’s Kanimozhi Karunanidhi has criticised what she sees as a dangerous bl... Read More
Sep - 13 - 2025
Nepal finds itself in an unusual political moment: a generation born in the internet age is crowd-sourcing leadership via a gaming-chat app. After ... Read More
Sep - 13 - 2025
Prime Minister Narendra Modi used his public meeting in Imphal this Saturday not only to address Manipur’s long road to recovery, but also to... Read More