ED flags ₹415cr ‘proceeds of crime’ in Al-Falah case

{ VARSITY UNDER SCANNER } COURT GRANTS 13-DAY CUSTODY

- Sanjeev K Jha and Arnabjit Sur

A Delhi court on Wednesday sent Jawad Ahmed Siddiqui, chairman of Faridabad-based Al-Falah University, to 13 days of Enforcement Directorate (ED) custody, observing that the money-laundering investigation against him was at a “nascent stage” and that the allegations carried “significant gravit

In its remand note placed before the court on Wednesday, ED has alleged that Siddiqui generated more than ₹415 crore through sustained misrepresentation of the institution's accreditation and statutory status, layering the funds through family-linked entities and exercising complete control over financial decisions across the group.