Enforcement Directorate Freezes Assets Worth ₹39 Crore of Al Falah Group Chairman in Money Laundering Probe
ED attaches assets worth over Rs 39 crore of Al Falah chairman under PMLA
The Economic Times
Image: The Economic Times
The Enforcement Directorate has provisionally attached assets worth over ₹39 crore belonging to Jawad Ahmad Siddiqui, chairman of the Al Falah Group, as part of a money laundering investigation. This includes properties in Delhi and Faridabad, linked to allegations of fraud against students of his educational institutions.
- 01Assets worth ₹39.45 crore attached under the Prevention of Money Laundering Act (PMLA).
- 02Jawad Ahmad Siddiqui, the chairman of Al Falah Group, is currently imprisoned.
- 03The investigation is connected to alleged fraud involving misrepresentation of educational institution accreditations.
- 04Siddiqui was previously arrested in relation to a white-collar terror module linked to a deadly blast.
- 05The ED had previously attached assets of Al Falah University valued at ₹140 crore.
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The Enforcement Directorate (ED) has attached assets totaling ₹39.45 crore belonging to Jawad Ahmad Siddiqui, the chairman of the Al Falah Group, as part of a money laundering investigation. The assets include a house in Jamia Nagar, Delhi, agricultural land in Dhauj, Faridabad, and various bank deposits. Siddiqui, 61, is currently in jail following his arrest last year. This action is part of a broader probe into allegations that he misrepresented the accreditation of his educational institutions, which has reportedly defrauded students. Additionally, the Al Falah University, located in Faridabad, Haryana, has previously been scrutinized in connection with a white-collar terror module linked to the November 10, 2025, Red Fort area blast that resulted in 15 fatalities. The ED had earlier attached assets of the university valued at approximately ₹140 crore.
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The attachment of assets may affect the financial stability of the Al Falah Group and its operations, impacting students and employees associated with the institutions.
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