The Enforcement Directorate (ED), Lucknow, searches on Thursday (April 24) at seven premises in Uttar Pradesh’s Gautam Buddha Nagar (Noida), Delhi, and Haryana’s Gurgaon in the FIIT-JEE case showed that around ₹206 crore were raised from students of operational batches on the false promise of offering educational services, which were never provided, ED officials confirmed here on Saturday.
Funds Diverted, Faculty Unpaid, Centres Shut Down
“The collected funds were allegedly diverted for personal and unauthorised 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 students and parents,” a senior ED official said.
These searches were conducted under the Prevention of Money Laundering Act (PMLA), 2002, senior ED officials added. Officials further added that the ED launched its investigation based on several First Information Reports (FIRs) filed across Lucknow, Noida, Delhi, Bhopal, and other places against FIIT-JEE and its top management.
Top FIIT-JEE Management Under Scanner
Searches were conducted in the homes of director DK Goel, CEO, COO, and CFO, and on the official grounds of FIIT-JEE Coaching Institute, according to the ED officials in a press note put out to the media.
The officials added that the FIRs accused the top management of FIIT-JEE of charging hefty fees from students and parents in the name of offering quality educational services but instead indulging in massive financial fraud, criminal breach of trust, and educational malpractice by not delivering the promised educational services.
Massive Fee Collections Revealed by ED
In the course of the search action, information on Proceeds of Crime (POC) came to light, such as the overall number of students from whom fee was received.
“The fees of around ₹181.89 crore were collected from 9823 students in the academic year 2025-2026. Similarly, ₹47.48 crore were collected from 3316 students for the academic year 2026-2027, ₹17.07 crore were collected from 1008 students for the academic year 2027-2028 and ₹3.76 Crore were collected from 264 students for the academic year 2028-2029. The total amount of ₹250.2 crore crom total students 14,411 was collected,” a senior ED official explained.
Seizures and Ongoing Investigation by ED
The ED officials informed that some incriminating documents and digital equipment were also seized, which point towards serious financial irregularities during the search. Additional preliminary examination of the evidence gathered during search action points towards a well-planned design to divert funds, thus defrauding students and their parents in the name of educational services.
During the search cash amounting to ₹10 Lakh and jewellery valued at ₹4.89 crore were seized, officials informed. Investigation is underway.
