NEW DELHI: The Enforcement Directorate (ED) has filed a cost sheet towards Faridabad-based Al-Falah College’s chairman Jawad Ahmed Siddiqui, and the family-run Al-Falah Charitable Belief as a part of a cash laundering probe linked to the November 10 terror assault close to Delhi’s Purple Fort, folks conversant in the event stated.
The company additionally hooked up belongings value ₹139 crore, together with a 54-acre parcel of land throughout the Al-Falah campus, underneath the Prevention of Cash Laundering Act (PMLA).
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Officers stated the cost sheet was filed on Friday and consists of robust proof of alleged monetary irregularities within the college by Siddiqui and his relations.
As first reported by HT on December 25, ED has present in its probe that companies managed by the Siddiqui household allegedly acquired contracts for hostel catering and building of the college and hospital advanced. The company has additionally claimed that Al-Falah Charitable Belief acquired land utilizing college funds.
Siddiqui was arrested by the ED on November 18 on cash laundering prices following accusations that Al-Falah College had made “fraudulent and deceptive claims” about its accreditation to deceive college students, mother and father, and stakeholders for wrongful achieve.
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On the time, ED informed a court docket that the college and its controlling belief allegedly generated “proceeds of crime” value at the least ₹415.10 crore by “dishonestly” inducing college students and oldsters by means of false claims of accreditation and recognition.
The case has hyperlinks to a wider probe right into a white-collar terror module, through which over two dozen folks, together with three docs, have been arrested by the Nationwide Investigation Company (NIA) and Jammu and Kashmir Police.
The college’s function emerged after Umar-un-Nabi, a health care provider at Al-Falah Medical School, carried out a suicide automotive bombing outdoors the Purple Fort on November 10 final 12 months, killing at the least 11 folks.
NIA is individually probing the terrorism angle within the blast.
Based on ED, it has come throughout sure international filings that describe Siddiqui’s kids, his son Afham Ahmed and daughter Afiya Siddiqa, as British nationals, and is presently trying into their citizenship standing.
“Al-Falah Charitable Belief, Al-FalahUniversity, Al-Falah Faculty of Medical Sciences and Analysis Centre, and different associated individuals and entities have been completely investigated during the last two months. Now we have discovered that there’s an organised layering and integration of suspected proceeds of crime into academic/charitable construction on the college, fraudulent land acquisition and diversion of charitable funds, undisclosed related-party transactions and cross-border holdings,” an ED officer stated.
Investigations have additionally revealed that a number of related-party fund diversions in important transactions, together with building work of the medical school/hospital advanced at Dhauj, Faridabad, that are being carried out by Karkun Building and Builders, a partnership agency through which Siddiqui’s two kids maintain 49% every share whereas 2% is held by an worker.
“Equally, hostel catering contracts have been awarded to Amla Enterprises LLP, through which his spouse Usma Akhtar holds 49%, son holds 49% and the remaining 2% is within the identify of an ex-employee.”
A agency – Star Meals – owned by his brother had provided meals objects to the college until 2016, a second officer stated.
“The companies are successfully run/managed by Jawad Ahmad Siddiqui and such related-party transactions weren’t disclosed in returns of revenue and/or different statutory filings of the belief/related entities”, stated the second officer.
The probe additionally allegedly revealed that one Tarbia Schooling Basis, linked to Siddiqui, acquired land in Delhi’s Madanpur Khadar village for which college funds have been diverted.
Relating to abroad hyperlinks, ED officers stated that “investigation has revealed incorporation of Ennoble Schooling and Coaching Restricted in the UK (included in Might this 12 months) with preliminary shareholding linked to Jawad’s son and daughter, and subsequent change in shareholding to incorporate a UK-based shut affiliate, whose particulars are being verified by means of competent channels”.
Moreover, ED has discovered that there are numerous violations of regulatory norms (together with NMC, UGC/NAAC and many others) and indications that Jawad Ahmad Siddiqui has settled his household overseas.
