ED raids FIITJEE offices in Delhi-NCR amid money laundering probe

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ED raids FIITJEE offices in Delhi-NCR amid money laundering probe - Business Standard

Quick Summary:

In Jan 2025, several FIITJEE centres across the country abruptly shut down without notice.

Parents alleged that they had made advance payments for the entire year, but the centres closed without informing them, leaving the future of 12,000 students uncertain.

The charges include criminal breach of trust (Section 406), cheating and dishonest conduct (Section 420), criminal conspiracy (Section 120-B), and common intention (Section 34) under the Indian Penal Code.