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The Enforcement Directorate (ED) on Saturday alleged that FIIT JEE coaching institute collected more than Rs 200 crore as fee from thousands of students and their parents but "did not" deliver the educational service indicating "serious" financial irregularities and siphoning of funds. The federal probe agency said in a statement that it seized Rs 10 lakh in cash, jewellery worth Rs 4.89 crore after it conducted searches on April 24 as part of a money laundering investigation and covered premises including that of FIIT JEE Director D K Goel, other executives of the company and their offices. The raids covered seven premises in Noida, Delhi and Gurugram. FIIT JEE or its promoters could not be contacted for a comment on the charges made by the ED against them. The ED case, filed under the Prevention of Money Laundering Act (PMLA), stems from multiple police FIRs got registered by the parents of students and IIT aspirants in Noida, Lucknow, Delhi, Bhopal and some other cities. These