ED Investigation Reveals ₹250 Crore Fraud by FIITJEE Coaching Institute
An Enforcement Directorate (ED) investigation has uncovered a massive fraud perpetrated by FIITJEE, one of India's leading coaching institutes. The investigation alleges that FIITJEE defrauded approximately 14,411 students by collecting ₹250 crore in advance fees. The ED found that these fees were collected for the academic years up to and including 2028-29. Significantly, students received no prior notification about this extended fee collection, and the coaching centers were abruptly shut down.
Investigation Reveals Shocking Details
During a raid at the residence of coaching institute operator D.K. Goyal in Vasant Vihar, Delhi, the ED seized ₹10 lakh in cash and jewelry worth ₹4.89 crore. Additionally, numerous incriminating documents and digital devices were recovered. The investigation revealed that the collected fees were transferred to other accounts for personal gain.
Modus Operandi
FIITJEE abruptly closed its coaching centers without prior notice to students. A total of 32 centers across various cities, including Lucknow, Ghaziabad, Meerut, Noida, Prayagraj, Delhi, Bhopal, Gwalior, Indore, Faridabad, Gurugram, Mumbai, and others, were suddenly shut down. Subsequent complaints filed by students and parents brought the scam to light.
Strict Action Against Coaching Institute Operator
The coaching institute operator not only defrauded students but also allegedly withheld salaries from employees for months. The ED has registered a money laundering case and is intensifying its investigation. Raids were conducted at eight locations across Delhi, Noida, and Gurugram on Thursday and Friday, including the operator's residence and corporate office.
