ED raids Delhi, Noida locations of FIITJEE regarding money laundering

The ED has taken this step on the basis of several FIRs registered against FIITJEE in Delhi and Uttar Pradesh. Read further on Dynamite News

Delhi/Noida: The Enforcement Directorate (ED) has taken major action against the owner of coaching institute FIITJEE DK Goyal and other promoters in the money laundering case and raided a total of 8 locations in Delhi, Noida and Gurugram, reports Dynamite News correspondent.

This action has been taken under the Money Laundering Act. In which the institute is alleged to have invested the fees collected from the students for personal benefits and in other companies.

The matter heated up when in January 2025, many coaching centers of FIITJEE were suddenly closed without any prior notice. Thousands of parents who had paid the entire year's fees in advance are feeling cheated. The future of about 12,000 students is hanging in the balance. Many parents had lodged complaints on this.

Residence, Offices Searched

The Enforcement Directorate has also searched the residence and offices of the main accused DK Goyal. According to the investigating agency, the money collected from the institute was used for personal use against the rules. Now ED is investigating in depth where and how the money was used.

Parents Resent

Meanwhile, great resentment is being seen among the parents. They have alleged that after collecting the fees, the coaching center was deliberately closed and now a new center has been opened at the same place under the franchise model, due to which anger and distrust has also increased among the people.