The Enforcement Directorate (ED) has filed a Prosecution Complaint against Managing Trustee and Chancellor of Al Falah University, Jawad Ahmad Siddiqui and others under the Prevention of Money Laundering Act (PMLA), 2002. The agency said that the complaint was filed before the Competent PMLA Court against the accused in connection with the alleged generation and laundering of Proceeds of Crime (POC) linked to Al-Falah Charitable Trust, Al-Falah University and its allied institutions.

The ED in a statement said that it has provisionally attached assets worth about 140 crore rupees linked to this Haryana-based group. The agency’s investigation is based on FIRs registered by the Delhi Police following a car blast near the Red Fort in Delhi last year. The ED said, till now, the POC has been quantified at around 493 Crore rupees, which is generated through fraudulent misrepresentations to regulators or stakeholders and consequential admissions and fee collections.

The agency said that the active role of Siddiqui has been found during the investigation, as he exercised dominant control over Al-Falah Group and is found to be a key beneficiary of the unlawful proceeds. It added that as Managing Trustee and Chancellor, he exercised complete administrative, financial and operational control, with other office-bearers functioning as nominal or proxy persons.