ED attaches ₹39.45 crore in assets belonging to Al-Falah Charitable Trust
The Hindu
ED attaches ₹39.45 crore in assets of Al-Falah Charitable Trust amid ongoing money laundering investigations involving managing trustee Siddiqui.
The Enforcement Directorate has provisionally attached movable and immovable properties amounting to ₹.39.45 crore, belonging to the Al-Falah Charitable Trust and its managing trustee Jawad Ahmad Siddiqui.
The assets include residential premises belonging to Mr. Siddiqui in Delhi’s Jamia Nagar; agricultural land at Dhauj village in Faridabad, Haryana, located adjacent to the Al-Falah University campus; and demat holdings, bank balances and fixed deposits belonging to the managing trustee and the Trust. The total value of attachment in the case now stands at ₹144.09 crore. Mr. Siddiqui is currently in judicial custody.
Also Read | ED arrests Al-Falah Group chief in another case
The agency is conducting investigations under the Prevention of Money Laundering Act based on three First Information Reports (FIRs) registered by the Delhi Police, for cheating, forgery, criminal conspiracy. and related provisions under the Bharatiya Nyaya Sanhita.
It is alleged that Al-Falah University, promoted by the Al-Falah Charitable Trust, falsely projected expired NAAC ‘A’ grade accreditations as valid and also claimed non-existent recognition under the University Grants Commission Act. Also, Al-Falah School of Medical Sciences and Research Centre was allegedly engaged in malpractices, including “on-paper faculty” and “fake patients”, etc. to secure National Medical Commission approvals.
Also Read | Al-Falah University hired doctors linked to Red Fort area blast without police verification: ED
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