ED files chargesheet against Al-Falah University in money laundering case; Rs 140 crore assets attached
During the investigation, the ED suspects that funds associated with the university were illegally diverted and that the sources of these funds were concealed. Based on these findings, a money laundering case was registered.
New Delhi: The Enforcement Directorate (ED) on Friday filed a chargesheet against Al-Falah University, Jawad Ahmad Siddiqui, and the Al-Falah Charitable Trust in a money laundering case before a special court in Delhi.
The ED has so far attached properties worth Rs 140 crore spread over 58 acres in connection with the case.
Case registered under PMLA
According to officials, the ED has filed the chargesheet in court in a money laundering case against Al-Falah University and individuals linked to it. The agency had earlier registered the case under the Prevention of Money Laundering Act (PMLA).
During the investigation, the ED suspects that funds associated with the university were illegally diverted and that the sources of these funds were concealed. Based on these findings, a money laundering case was registered.
How Al-Falah University came under scanner
The ED examined several documents during the probe, including bank transactions, account books, and records related to financial dealings.
Al-Falah University had earlier come under the scanner after the names of several doctors associated with the institution surfaced in the "Lal Qila blast" case and an alleged "white-collar terrorism module". Subsequent investigations indicated links spread across multiple states, pointing to a coordinated conspiracy, officials said.