New Delhi, Jan. 17 -- The Enforcement Directorate (ED) today stated that it has filed a prosecution complaint (chargesheet) against Jawad Ahmad Siddiqui and others, who are accused of generating and laundering proceeds of crime (POC) linked to Al-Falah Charitable Trust, Al-Falah University, and allied institutions.
The ED investigation, based on FIRs registered by the Delhi Police, has quantified the proceeds of crime at Rs 493.24 crore so far. These funds were allegedly generated through fraudulent misrepresentations made to regulators and stakeholders, leading to subsequent student admissions and fee collections.
Immovable properties-including land measuring approximately 54 acres and the structures built thereon, valued at Rs 139.97 cr...