The Enforcement Directorate (ED) raided eight locations in Delhi-NCR on Wednesday. These raids are part of an ongoing money laundering investigation linked to FIITJEE, a well-known coaching institute.

FIR Triggers Investigation

The raids followed an FIR filed by the Delhi Police's Economic Offences Wing (EOW). This FIR was based on complaints from parents. They claimed that FIITJEE centres suddenly shut down. Despite paying for the full academic year, parents received no prior notice.

Sudden Closures Left Parents in the Dark

ED officials explained that several FIITJEE centres closed abruptly. There was no communication with the parents or students. As a result, many families were left in a difficult situation.

Homes and Offices Searched

Additionally, the ED raided the homes of key figures involved in the case. This included DK Goel, one of FIITJEE's promoters. They also searched a few offices linked to the institute.

Suspected Fund Misuse

Furthermore, the ED suspects misuse of funds. They believe money collected from coaching fees was diverted. According to ED officials, “Funds collected from coaching centres were allegedly diverted for personal use or sent to other entities.”