The Enforcement Directorate (ED) from the Lucknow unit has seized cash and jewellery worth nearly ₹5 crore during searches linked to the FIIT-JEE fraud case.
Officials said the ED seized ₹10 lakh in cash and jewellery valued at ₹4.89 crore. The searches took place on April 24, 2025, under the Prevention of Money Laundering Act (PMLA), 2002.
The ED conducted the operations at seven locations across Noida, Delhi, and Gurgaon. These locations included the residences of FIIT-JEE’s Director D.K. Goel, its CEO, COO, and CFO, as well as the coaching institute’s offices, according to an official statement.
The searches are part of a larger investigation. The ED launched the probe after several FIRs were filed in Noida, Lucknow, Delhi, Bhopal, and other cities. The complaints alleged that senior officials at FIIT-JEE collected large sums of money from students and parents by promising high-quality education services.
However, the FIRs stated that FIIT-JEE failed to deliver on these promises. Instead, the management allegedly engaged in large-scale financial fraud, criminal breach of trust, and educational malpractice, the ED said.
During the searches, investigators found that FIIT-JEE had collected about ₹206 crore from students in ongoing batches. The institute had taken these payments under the pretext of offering educational services, but the services were not fully provided.
The ED also seized digital devices and documents. Officials said these materials show serious financial irregularities.
The investigation is ongoing.
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