Enforcement Directorate (ED) On Thursday, raids were conducted at several places in the Delhi-National Capital Region (NCR) under the money laundering investigation against the coaching institute Fitji. FITJEE, an organization providing coaching of competitive examinations to students wishing to get engineering education, recently closed its centers, causing many students to get into trouble.
Quoting officials, news agency PTI said that raids are being conducted at several places in Delhi, Noida and Gurugram, including the premises of the promoters of the coaching institute. This action is being taken under the Money Prevention Act (PMLA). Officials said that the matter is related to the FIR lodged by Noida and Delhi Police on the basis of complaints of some parents.
In January, the parents had said that the fitji center was suddenly closed, causing their children to get into trouble. According to officials, the parents said that they had deposited lakhs of rupees in the form of fees, but they neither got any facility nor got their money back.
Allegations of money refinement
Investigations revealed that a large amount of money was collected in the name of coaching centers and for personal benefits and other purposes, other organizations other than the organization were transferred. The ED team is currently collecting information related to documents, electronic evidence and financial transactions. It is under investigation to find out if these funds were used to buy real estate or invest abroad.
12 accounts freeze
Earlier, on February 10, the Knowledge Park Police Station of Greater Noida and the cybercrime team of Greater Noida freeze about Rs 11.11 crore deposited in 12 bank accounts of FITJEE Coaching Institute. This action was taken under the supervision of Deputy Commissioner of Police of Greater Noida and Deputy Commissioner of Police on the instructions of Police Commissioner Laxmi Singh.
During the investigation of the case filed against Fitji Coaching Institute at Knowledge Park police station, 172 current accounts and 12 savings accounts were found in private banks of various states associated with PAN card of Fitji founder Dinesh Goyal. The bank has so far informed the police about 12 bank accounts, out of which a total of Rs 11,11,12,987 has been reported. The Cybercrime Team of Knowledge Park Police Station Police and Greater Noida Police freeze the amount deposited in these 12 accounts.
About fitji
Established in 1992, Delhi -based FITJEE is a leading name in competitive examination training and operates around 100 study centers in India. It provides training to candidates interested in engineering for competitive examinations. Despite the strong presence of the organization, the organization is currently facing operations and financial difficulties.
Many centers in North India including Delhi, Noida, Meerut, Ghaziabad, Lucknow, Varanasi and Bhopal have suddenly been closed. According to Fitji, it was not closed voluntary, but due to the sudden departure of the Center Managing Partners (CMP) and their team, which the organization termed as an “unexpected incident”.
ED action against FITJEE in the post money laundering case, raid in Delhi-NCR first appeared on News India Live | Breaking India News, The Indian Headline, India Express News, Fast India News.
