ED conducts searches in Delhi-NCR in money laundering case against coaching institute

NEW DELHI: The Enforcement Directorate conducted raids on Thursday at various locations in Delhi-NCR whilst investigating money laundering allegations against FIITJEE coaching institute, which had unexpectedly closed its centres, affecting numerous students, according to officials.

The search operations were carried out at several sites in Delhi and its adjacent cities of Noida and Gurugram, including the residences of the coaching institute's promoters, officials confirmed.

The investigation is being conducted under the provisions of the Prevention of Money Laundering Act (PMLA).

The investigation originated from FIRs registered by Noida and Delhi Police following complaints from parents in January, who reported the sudden closure of FIITJEE centres, leaving their children stranded, officials stated.