Bhopal/New Delhi, Nov 20 (NationPress) In a remarkable twist involving two states, the investigation into supposed fraud and irregularities associated with Al-Falah University, based in Faridabad and linked to the Delhi car explosion case, has reached a sensational climax.

The Enforcement Directorate (ED) has apprehended university founder and chairman Jawad Ahmad Siddiqui concerning a 24-year-old chit fund scam in Bhopal. In addition, his younger brother Hamud (Hamood) Ahmad Siddiqui, who had evaded capture for nearly 25 years, was taken into custody by Madhya Pradesh Police in Hyderabad for multiple investment fraud cases registered in Mhow back in 2000.

Fifty-year-old Hamud, who is wanted in at least four cases, including a 1988 incident involving rioting and attempted murder, was arrested on Sunday in the Gachibowli area of Hyderabad and subsequently transported to Mhow on Monday.

The Siddiqui brothers are accused of cheating the public out of more than Rs 2 crore in the Bhopal chit fund scandal.

This fraudulent scheme, carried out between 1997 and 2001, involved a fake chit fund company that promised investors a doubling of their money within mere months. Numerous individuals, including many victims of the Bhopal gas tragedy and members of the Muslim community, entrusted their life savings under the lure of high returns.

By 2001, both brothers had gone into hiding, leaving countless investors devastated.

Investigative sources suggest that a portion of the funds amassed in the Bhopal scam—largely sourced from gas victims and impoverished Muslim families—might have been funneled into radical and terrorist activities in subsequent years, although this aspect remains under investigation.

This arrest follows revelations from the Delhi Police about an ISIS terror module involving two MBBS doctor brothers who were plotting suicide attacks in the national capital and were allegedly sheltered and supported by Al-Falah University authorities.

The university in Faridabad has been scrutinized for purportedly offering refuge to individuals with terrorist connections. Numerous fraud FIRs continue to be filed against Jawad Siddiqui across the nation, with new complaints emerging even in recent years.

The ED is currently delving into potential money laundering implications related to both the historical chit fund scam and possible links to terror financing.

A senior Bhopal police officer involved in the original investigation from 1999 to 2001 remarked, “For 24 years, he eluded arrest while living openly and operating a university. Many victims passed away waiting for justice. Now at least the process has recommenced.”

This case has reignited fury among survivors of the 1984 Bhopal gas tragedy, who assert they were specifically targeted in the scam during their most vulnerable moments.

As the ED intensifies its scrutiny, the transformation of Jawad Siddiqui from a chit fund fraudster who absconded with crores to a university owner accused of harboring terrorists has unfolded as one of the most astonishing narratives of crime, evasion, and alleged jihad financing in recent history.