Directorate of Enforcement (ED), Lucknow Zonal Office has conducted searches under the provisions
of the Prevention of Money Laundering Act (PMLA), 2002 at seven locations in Noida, Delhi and Gurgaon on
24/04/2025 in the case of FIIT-JEE Fraud Case. The search operations were carried out at the residences of
the Director D.K. Goel, CEO, COO, and CFO, as well as at the official premises of FIIT-JEE Coaching
Institute.
ED initiated investigation against FIIT-JEE and its senior management on the basis of multiple FIRs
registered across Noida, Lucknow, Delhi, Bhopal, and other locations. The FIRs alleged that the senior
management of FIIT-JEE collected substantial fees from students and parents under the pretext of providing
quality educational services, but instead engaged in large-scale financial fraud, criminal breach of trust, and
educational malpractice by failing to deliver the promised educational services.
The search action revealed that substantial amounts, approximately Rs. 206 Crore were collected
from students of currently running batches by FIIT-JEE under the pretext of providing educational services,
which were ultimately not delivered. During search action the following details of Proceeds of Crime (POC)
was unearthed:
During the search, several incriminating documents and digital devices were seized, indicating serious
financial irregularities. The collected funds were allegedly diverted for personal and unauthorized use, while
faculty salaries remained unpaid. Consequently, 32 coaching centres at Ghaziabad, Lucknow, Meerut, Noida,
Prayagraj, Delhi, Bhopal, Gwalior, Indore Faridabad, Gurugram, Mumbai etc were abruptly shut down, causing
widespread distress to approximately 15000 students and parents. Further preliminary analysis of the
evidence collected during search action suggests a systematic scheme to siphon off funds, thereby defrauding
students and their parents under the guise of educational services. During search Cash of Rs. 10 Lakh and
Jewellery worth Rs. 4.89 Crore were seized.
Further investigation is under progress.