The Enforcement Directorate (ED) has filed a Prosecution Complaint under the Prevention of Money Laundering Act (PMLA), 2002 against Jawad Ahmad Siddiqui, Managing Trustee and Chancellor of Al Falah University, along with other accused persons.
According to the agency, the chargesheet has been filed before the competent PMLA court in connection with the alleged generation and laundering of proceeds of crime linked to Al-Falah Charitable Trust, Al Falah University, and its allied institutions.
In an official statement, the ED said it has provisionally attached assets worth approximately ₹140 crore belonging to the Haryana-based group. The investigation stems from FIRs registered by the Delhi Police following a car blast incident near the Red Fort in Delhi last year.
The agency has so far quantified the proceeds of crime at around ₹493 crore, which it alleges were generated through fraudulent misrepresentations made to regulators and stakeholders, leading to illegal admissions and fee collections.
The ED further stated that its investigation has revealed the active involvement of Siddiqui, who allegedly exercised dominant control over the Al Falah Group and was a key beneficiary of the illicit funds. As Managing Trustee and Chancellor, he is accused of having complete administrative, financial, and operational control, while other office-bearers functioned merely as nominal or proxy individuals.
Further legal proceedings in the matter are underway.
