Mumbai/Bengaluru, April 27 -- "I was horrified to see strangers standing next to my bed," D.K. Goel, founder of FIITJEE, the coaching institute, narrated how officials from the Enforcement Directorate stormed into his bedroom at his house in Delhi's Vasant Vihar on Thursday, about ten minutes past 5 am.

"They refused to show me any identification cards. I thought dacoits had entered my house," Goel said in his first public statement since troubles began in November at the coaching institute he founded in 1992.

Goel refuted ED's allegations of Rs.250 crore fraud at the country's premier engineering entrance exam coaching institute.

"There is no diversion of even one rupee," he said over the phone on Saturday evening.

He claimed that th...