The Enforcement Directorate (ED) on Wednesday conducted raids at eight locations across Delhi-NCR in connection with a money laundering investigation linked to FIITJEE, a prominent coaching institute. The raids come after the Delhi Police’s Economic Offences Wing (EOW) registered a First Information Report (FIR) based on complaints from aggrieved parents.
The move comes amid allegations of numerous FIITJEE centres across the country abruptly closing down between December 2024 and January 2025 without any notice. The parents have alleged that they had made advance payments worth lakhs for the entire year, and FIITJEE centres neither provided service or refund, they added.
The parents said they deposited lakhs of rupees as fee but they got no service or refund, they added. The ED teams also searched the residential premises of key conspirators, including one of the promoters, DK Goel, and a few offices. Allegations include diversion of funds taken from coaching centres towards personal gains or other entities, said the ED.
Locations in Delhi and neighbouring Noida and Gurugram, including those of the promoters of the coaching institute, are being searched, the officials said. Noida Police had frozen ₹11.11 crore from 12 bank accounts linked to FIITJEE Coaching Institute’s founder Dinesh Goyal in February, it said. An FIR was registered in this regard at the Knowledge Park police station under sections 318 (4) and 316 (2) of the Bhartiya Nyay Sanhita (BNS).
FIITJEE’s email to students
The FIITJEE management had claimed that online classes will begin immediately, and classroom programs will start starting in May. The coaching institute sent these emails to all students on April 1st and 3rd.
Some internal individuals and external competitors conspired to damage their centers and FIITJEE’s credibility, email read. While they succeeded temporarily, FIITJEE stated that these efforts will ultimately fail (literally “they will have to eat dust/face defeat”), as the institute has resumed coaching for IIT admission with renewed energy and preparation.
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