India, Feb. 11 -- Over Rs.11 crore deposited in 12 bank accounts of FIITJEE were frozen by Greater Noida police after parents approached the Knowledge Park police, filing a complaint against the coaching institute over shutting down without any prior information, said officers on Monday.

"During the investigation, we identified 172 current bank accounts and 12 savings bank accounts associated with FIITJEE. After sending an official letter to the banks, we managed to freeze Rs.111,112,987 ( Rs.11.1 million)," said Ashok Kumar, additional deputy commissioner of police, Greater Noida.

"We are gathering details of the deposited money in the 172 bank accounts, and further investigation is underway to freeze more funds," he added.

On January...