New Delhi, Jan 16 (NationPress) The contentious Al-Falah Charitable Trust and Al-Falah University have found themselves under investigation for money laundering, with the ED seizing property valued at Rs 139.97 crore and submitting a chargesheet against the imprisoned Chairman Jawad Ahmad Siddiqui and others in a Special Court (PMLA), as confirmed by an official on Friday.

As of now, the Proceeds of Crime (POC) have been appraised at Rs 493.24 crore, according to an official statement.

The university has been embroiled in controversy since anti-terror agencies uncovered a module that included medical professionals associated with the institution. One of these doctors was allegedly linked to a car explosion near the Red Fort on November 10.

The ED Headquarters has filed the chargesheet under the Prevention of Money Laundering Act, 2002 (PMLA) against Jawad Ahmad Siddiqui and others related to the Al-Falah Charitable Trust, Al-Falah University, and related entities.

Siddiqui was detained under Section 19 of PMLA, 2002, on November 18, 2025, and is currently in judicial custody, the ED stated.

In this investigation, immovable assets covering approximately 54 acres of land valued at Rs 139.97 crore have been seized, as per the ED.

The ED's inquiry is grounded in FIR Nos. 337 and 338, dated November 13, 2025, and FIR No. 0021 dated January 10, 2026, filed by the Delhi Police.

The Proceeds of Crime were generated via deceptive representations to regulators and stakeholders, leading to unlawful admissions and fee collections, the statement noted.

The ED revealed that Siddiqui maintained dominant control over the Al-Falah Charitable Trust, Al-Falah University (including Al-Falah School of Medical Sciences and Research Centre), and other related entities, making him a primary beneficiary of the illicit proceeds.

As the Managing Trustee and Chancellor, he exerted comprehensive administrative, financial, and operational authority, while other officials acted as nominal or proxy figures.

His violations included misrepresenting the NAAC accreditation status, falsely presenting expired accreditations as active on public platforms to mislead stakeholders and encourage admissions, the ED stated.

He also falsely claimed that the university was recognized under Section 12(B) of the UGC Act, 1956, when it was merely listed under Section 2(f) and not recognized under Section 12(B).

Additionally, he was accountable for the operations of the medical college, breaching NMC norms and obtaining approvals through misrepresentation and concealment of critical information.

The ED discovered that Siddiqui layered the Proceeds of Crime through entities controlled by his family. Funds from the institution were funneled through family-owned businesses such as Amla Enterprises LLP, Karkun Construction and Developers, and Diyala Construction and Developers Pvt Ltd.

Investigators also uncovered foreign remittances and the diversion of funds overseas, with outward remittances exceeding Rs 3 crore to his wife and around Rs 1 crore to his son, as reported by the ED.

The investigation revealed that charitable and educational institutions were exploited for personal, familial, and commercial gains.