Reason for the Raids
An ED statement revealed that the search operation targeted the residences of FIIT-JEE Director D.K. Goel, CEO, COO, and CFO, as well as the institute’s official offices. This investigation is based on several First Information Reports (FIRs) registered in Noida, Lucknow, Delhi, Bhopal, and other cities. These FIRs allege that FIITJEE’s senior management promised students and their parents quality educational services but failed to deliver, despite collecting fees.
Cash, Jewellery, Documents, and Digital Devices Seized
The investigation also found that FIITJEE collected approximately ₹206 crore from ongoing batches but failed to provide the promised facilities and services to students. The searches also yielded incriminating documents and digital devices suggesting financial irregularities. The investigation revealed that the institute misused the collected funds for personal and unauthorised purposes, and even failed to pay teachers’ salaries.
32 Coaching Centres Suddenly Shut Down
Consequently, 32 FIITJEE coaching centres across various cities including Ghaziabad, Lucknow, Meerut, Noida, Prayagraj, Delhi, Bhopal, Gwalior, Indore, Faridabad, Gurugram, and Mumbai were abruptly shut down. This move affected approximately 14,400 students and their parents. The ED stated that preliminary investigations indicate that this fraud was perpetrated to swindle students and their parents under the guise of educational services.