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ED: FIIT JEE Duped 14,000 Students to the Tune of ₹250 Cr
Financial Express Chandigarh
|April 27, 2025
The Enforcement Directorate (ED) on Saturday alleged that FIIT JEE coaching institute collected more than ₹200 crore as fee from thousands of students and their parents but "did not" deliver the educational service, indicating "serious" financial irregularities and siphoning of funds.
The federal probe agency said in a statement that it seized ₹10 lakh in cash, jewellery worth ₹4.89 crore after it conducted searches on April 24 as part of a money laundering investigation and covered premises including that of FIIT JEE director DK Goel, other executives of the company and their offices. The raids covered seven premises in Noida, Delhi and Gurugram.
FIIT JEE or its promoters could not be contacted for a comment on the charges made by the ED against them.
This story is from the April 27, 2025 edition of Financial Express Chandigarh.
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