Al-Falah University Chancellor Jawad Siddiqui Denied Bail in ₹400 Crore Money Laundering Case
Al-Falah university chancellor denied bail in PMLA case
Hindustan Times
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A Delhi court has denied bail to Jawad Siddiqui, chancellor of Al-Falah University, in a money laundering case involving over ₹400 crore. The court found substantial evidence of Siddiqui abusing his position to benefit personally from the university's funds, which were allegedly laundered through various firms.
- 01Jawad Siddiqui is accused of laundering over ₹400 crore through Al-Falah University.
- 02The court found prima facie evidence linking Siddiqui to criminal activities.
- 03Funds were allegedly funneled through companies owned by Siddiqui's family and associates.
- 04The Enforcement Directorate claims Siddiqui employed 'ghost doctors' to deceive regulatory bodies.
- 05Siddiqui is also linked to a wider investigation involving a suspected white-collar terror network.
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A Delhi court dismissed the bail application of Jawad Siddiqui, the chancellor of Al-Falah University, in a significant money laundering case involving over ₹400 crore. The court, led by Additional Sessions Judge Sheetal Chaudhary Pradhan, stated that Siddiqui abused his position to exploit educational institutions for personal gain. Evidence presented indicated that proceeds from the university were funneled through four firms controlled by his family and associates, with funds allegedly moved abroad for investments. The Enforcement Directorate (ED) highlighted that Siddiqui's medical college had hired over 70 'on-paper doctors' to pass inspections, with actual staff only present a few days a week. The ED also noted that fees collected by the university constituted proceeds of crime amounting to ₹493 crore. Siddiqui's involvement is part of a broader investigation into a suspected white-collar terror network, with connections to serious criminal activities, including a recent case involving a suicide bomber linked to the university. The court has yet to take cognizance of the ED's charge sheet filed against him in January, which includes asset attachments worth ₹139 crore.
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The case raises serious concerns about the integrity of educational institutions and regulatory compliance, affecting students and stakeholders involved.
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