ED files chargesheet against Al-Falah University founder and others

New Delhi: The Enforcement Directorate (ED) has filed a prosecution complaint (equivalent of a chargesheet) against Al Falah University founder Jawad Ahmed Siddiqui and others in connection with the alleged generation and laundering of Proceeds of Crime (POC) linked to Al-Falah Charitable Trust/Al-Falah University and allied institutions/entities.

Till now, the proceeds of crime have been quantified at ₹493.24 Crore, the agency said in a press statement on Friday. It further said that the proceeds of crime were allegedly generated through fraudulent misrepresentations to regulators/stakeholders and consequential admissions and fee collections. "Further, immovable properties valued at ₹139.97 cr (land measuring 54 acres approx.. and buildup thereon) have been provisionally attached" by the agency.

The agency further said that the active role of Jawad Ahmad Siddiqui has been found during investigation. "He exercised dominant control over Al-Falah Charitable Trust, Al-Falah University (including Al-Falah School of Medical Sciences and Research Centre) and related entities, and is found a key beneficiary of the unlawful proceeds", the statement added.


The agency has further alleged that as Managing Trustee and Chancellor, Siddiqui exercised complete administrative, financial and operational control, with other office-bearers functioning as nominal/proxy persons.

"Siddiqui was found to have layered POC through family-controlled entities. Institutional funds were routed through family-owned entities including Amla Enterprises LLP, Karkun Construction & Developers, Diyala Construction and Developers, etc", the statement read.

It further claimed that its probe has also found foreign remittances and siphoning abroad. Outward foreign remittances of over ₹3 cr favouring his wife and around ₹1 cr favouring his son are found. "Other overseas business/investment links are also found. Investigation has found that Charitable, educational institutions were used as instruments for personal, family, commercial benefit", it added. Siddiqui who was arrested on November 18 is currently in judicial custody.