ED Freezes ₹39.45 Crore in Assets Linked to Al-Falah University Chairman in Delhi Blast Investigation
ED attaches Al-Falah varsity chair’s assets worth ₹39.45 crore in Delhi blast case
Hindustan Times
Image: Hindustan Times
The Enforcement Directorate (ED) has attached assets worth ₹39.45 crore belonging to Jawad Ahmad Siddiqui, chairman of Al-Falah University in Faridabad, India, as part of a money laundering investigation linked to the November 2025 Red Fort blast. The assets include residential and agricultural properties, as well as bank holdings.
- 01ED has attached assets worth ₹39.45 crore linked to Jawad Ahmad Siddiqui.
- 02The investigation is connected to the November 2025 Red Fort blast.
- 03Siddiqui's assets include residential premises, agricultural land, and bank holdings.
- 04Proceeds of crime amount to ₹493.24 crore generated by the trust from 2016 to 2025.
- 05A charge sheet was filed in January against Siddiqui and the trust.
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The Enforcement Directorate (ED) has attached assets valued at ₹39.45 crore belonging to Jawad Ahmad Siddiqui, the chairman of Al-Falah University in Faridabad, India, in connection with a money laundering investigation related to the November 2025 Red Fort blast. The attached assets include Siddiqui's residential property in Jamia Nagar, agricultural land in Dhauj village, and various bank holdings, including fixed deposits. The ED's investigation revealed that the Al-Falah Charitable Trust and University generated ₹493.24 crore as proceeds of crime from the fiscal year 2016-17 to 2024-25 through scheduled offenses. These proceeds were allegedly diverted to entities controlled by Siddiqui and his family, including Karkun Construction and Developers, Amla Enterprises LLP, and Diyala Construction and Developers Pvt Ltd, with funds reportedly siphoned off to foreign destinations. A charge sheet was filed in January naming Siddiqui and the trust, and previously, assets worth ₹144.09 crore on the Al-Falah University campus were also attached by the ED.
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The freezing of assets may affect the operations of Al-Falah University and its charitable trust, potentially impacting students and staff associated with the institution.
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