ED attaches Rs 39 crore assets of Al-Falah trust, Chairman Siddiqui
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New Delhi: The Enforcement Directorate (ED) on Tuesday attached movable and immovable properties worth Rs 39.45 crore belonging to Al-Falah Charitable Trust and its Chairman and Managing Trustee, Jawad Ahmad Siddiqui, officials said.
“The properties attached by the ED’s High Intensity Unit Headquarters include Siddiqui’s residential premises in Jamia Nagar, Okhla, agricultural land in Dhauj village, Faridabad, adjacent to the Al-Falah University campus, demat holdings, bank balances, and fixed deposits of Siddiqui and the Al-Falah Charitable Trust,” the official said.
Siddiqui was remanded to 14 days of judicial custody by a Delhi court on Saturday in connection with a money laundering case and the illegal acquisition of Rs 45 crore worth of land in the city.
The Prevention of Money Laundering Act (PMLA) investigation stems from three FIRs registered by Delhi Police: the first and second dated November 13, 2025, by the Crime Branch, and the third on January 10, 2026, by Palam Police Station, South West Delhi.
All FIRs invoke offences including cheating, forgery, criminal conspiracy, and related provisions under the Bharatiya Nyaya Sanhita, 2023, which constitute scheduled offences under the PMLA, 2002.
The FIRs alleged that Al-Falah University, promoted by the Trust, falsely projected expired NAAC “A” grade accreditations as valid and claimed non-existent UGC Section 12B recognition. Investigations also revealed malpractices at the Al-Falah School of Medical Sciences and Research Centre, including deployment of “on-paper faculty” and “fake patients” to secure National Medical Commission (NMC) approvals.
The ED filed a charge sheet on January 16 before the Special Court (PMLA) at Saket, Delhi, against Siddiqui and the Trust. Investigations found that the Trust/University generated Rs 493.24 crore as proceeds of crime between FY 2016-17 and 2024-25 through these scheduled offences.
Proceeds of crime were allegedly diverted to entities controlled by Siddiqui and his family, including Karkun Construction and Developers, Amla Enterprises LLP, and Diyala Construction and Developers Pvt Ltd, with some funds reportedly siphoned to foreign destinations.
Earlier, on January 16, the ED had attached land and buildings at the Al-Falah University campus in Dhauj, Faridabad, valued at Rs 144.09 crore. These attachments form part of the ongoing investigation into proceeds of crime generated through the scheduled offences.
With IANS inputs