Fiitjee came out of Rs 250 crore, failed to distribute quality educational services: ED | Delhi News
New Delhi: The Enforcement Directorate has added a new dimension to its functions – its recent discoveries on Fitji were motivated not only by financial irregularities, but also by the failure of the institute in distributing “quality educational services” promised to students.
The Anti-Mani Laundering Agency has always been limited to investigating financial fraud, which keeps an eye on the money trail of the income of crime and property attachment. But, late, it has shifted its attention to the immediate restoration of attached assets: it should be for banks or individuals, scams by fraudsters.
As a result of its discoveries earlier this week, Ed said on Saturday that the investigation revealed that Fitji collected Rs 250 crore from 15,000 students and stopped income by other top officials of the coaching company to buy individual assets.
At least 32 coaching centers suddenly closed in Ghaziabad, Lucknow, Meerut, Noida, Prevention, Delhi, Bhopal, Gwalior, Indore Faridabad, Gurugram, Mumbai etc., causing a widespread crisis due to many police registered in many states.
“These funds were diverted for individual and unauthorized use, while the faculty was unpaid,” Ed said. On 24 April, Ed discovered at seven places in Noida, Delhi and Gurgaon in the case of Fitji fraud.
Ed said Quality educational servicesBut instead engaged in large -scale financial fraud and criminal violations of the trust. ,
