ED charges FIITJEE directors in Rs.85.79-cr student fee fraud
LUCKNOW, Oct. 16 -- The Enforcement Directorate (ED) filed a prosecution complaint against competitive exam coaching giant FIITJEE Limited and its directors, Dinesh Kumar Goel and Monila Goel, accusing them of laundering Rs.85.79 crore in advance student fees collected for coaching programmes that were never delivered. Filed by the agency's Lucknow zonal office before the special Prevention of Money Laundering Act (PMLA) court in Ghaziabad, the complaint seeks the conviction of both directors and formal confiscation of assets worth Rs.71.88 crore seized or attached during the probe, stated an official release. The investigation found that FIITJEE abruptly shut 32 centres in UP and MP between May 2024 and February 2025, leaving 14,411 students without coaching, for which they had paid in advance. P5...
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