New Delhi, May 10 -- The Saket court on Saturday approved a three-day police custody of Al-Falah University Chairman, and Director and major shareholder of Tarbia Education Foundation, Jawad Ahmad Siddiqui, who was arrested on March 24 in connection with a Prevention of Money Laundering Act (PMLA) case.

The Al-Falah Trust allegedly generated proceeds of crime quantified at Rs. 493.24 Crore, being the fee receipts obtained by inducing admissions of students in institutions. The prosecuting agency had alleged that the applicant deceived multiple regulators to obtain an Essentiality Certificate from the Government of Haryana and the permissions from the National Medical Commission.

Earlier, on May 2, the court dismissed the regular bail pl...