ED files PMLA charge sheet against FIITJEE, directors over ₹85.79 crore fee fraud
Synopsis
The ED has filed a formal charge sheet against FIITJEE and its top directors in a PMLA court, alleging ₹85.79 crore in student fees was misappropriated while 14,411 students were left stranded after 32 centres shut abruptly. The directors allegedly drew ₹24.92 crore in combined salaries even as teachers went unpaid and classrooms closed.
Key Takeaways
The Enforcement Directorate filed a charge sheet against FIITJEE Limited and directors Dinesh Kumar Goel and Monila Goel before a Special PMLA Court in Ghaziabad on 16 October 2026 . ₹85.79 crore in student fees allegedly misappropriated has been identified as proceeds of crime.
32 FIITJEE centres shut abruptly between May 2024 and February 2025 , leaving 14,411 enrolled students without coaching.
The two directors received a combined ₹24.92 crore in salaries from FY 2022-23 onwards — Dinesh Kumar Goel at ~ ₹56 lakh/month and Monila Goel at over ₹25 lakh/month — even as employee salaries were delayed.
The ED provisionally attached properties worth ₹66.92 crore on 9 October 2026 ; the charge sheet now seeks confiscation of assets worth ₹71.88 crore .
Noida Police also filed a separate charge sheet based on statements from around 300 victims .
The Enforcement Directorate (ED) Lucknow Zonal Office has filed a charge sheet before a Special PMLA Court in Ghaziabad against FIITJEE Limited and its directors, Dinesh Kumar Goel and Monila Goel, in a money laundering case linked to the alleged misappropriation of fees collected from students. The charge sheet, filed on Thursday, 16 October 2026, seeks conviction of the accused and confiscation of properties worth ₹71.88 crore seized and provisionally attached during the investigation.
Background and FIR Basis
The ED launched its probe on the basis of four FIRs registered by police in Noida and Greater Noida in Uttar Pradesh, and Bhopal in Madhya Pradesh, under provisions of the Bharatiya Nyaya Sanhita (BNS) — corresponding to Sections 406, 420, 120B and 34 of the Indian Penal Code. According to those FIRs, FIITJEE allegedly collected between ₹2.8 lakh and ₹3.5 lakh per student in advance for coaching programmes lasting two to four years, including preparation for competitive examinations such as the JEE, on the assurance that the courses would be completed.
What the ED Alleged
The agency alleged that faculty members left due to unpaid salaries, and several coaching centres subsequently shut abruptly without prior notice. Despite this, the management allegedly continued enrolling new students — including for programmes scheduled to run until March 2029 — while reportedly being aware that it would not be able to deliver the courses.
The ED investigation found that FIITJEE abruptly closed 32 centres between May 2024 and February 2025, affecting 14,411 enrolled students who had already paid for coaching. A total of ₹85.79 crore in fees allegedly retained and misappropriated has been identified as proceeds of crime under the Prevention of Money Laundering Act (PMLA).
Director Salaries Under Scrutiny
The investigation also revealed that Dinesh Kumar Goel and Monila Goel received a combined ₹24.92 crore as salary from FY 2022-23 onwards. According to the ED, Dinesh Kumar Goel drew approximately ₹56 lakh per month, while Monila Goel received more than ₹25 lakh per month. Critically, the agency alleged these payments continued even as salaries of other employees were delayed or remained unpaid and coaching centres were shutting down.
Searches, Seizures and Attachment
The ED had earlier conducted searches at seven premises on 24 April 2025, during which it seized ₹10 lakh in cash and jewellery valued at ₹4.86 crore. It subsequently provisionally attached properties worth ₹66.92 crore on 9 October 2026 under the PMLA. Separately, Noida Police has also filed a charge sheet naming both directors as accused, based on statements from around 300 victims, coaching centre operators, and other witnesses, alongside fee receipts and documentary evidence.
What Happens Next
The ED has stated that further investigation is underway. The case now moves to trial before the Special PMLA Court in Ghaziabad, where the agency will press for conviction and confiscation of the attached assets. For the thousands of affected students and their families, the legal proceedings represent the clearest path yet toward accountability — though recovery of fees paid remains uncertain at this stage.
Point of View
With no statutory protection akin to the real estate sector's RERA framework. The directors drawing combined salaries of nearly ₹25 crore while employees went unpaid and students were stranded is the detail that cuts through — it suggests deliberate extraction rather than mere mismanagement. India's multi-billion-rupee unregulated coaching industry desperately needs a consumer protection framework with mandatory fee escrow and refund guarantees; without it, the next FIITJEE is only a matter of time.
NationPress
16 Oct 2026
Frequently Asked Questions
What is the ED charge sheet against FIITJEE about?
The Enforcement Directorate has filed a charge sheet before a Special PMLA Court in Ghaziabad alleging that FIITJEE Limited and its directors, Dinesh Kumar Goel and Monila Goel, laundered student fees amounting to ₹85.79 crore. The agency says the management continued enrolling students and paying directors large salaries even as centres were shutting down and faculty went unpaid.
How many students were affected by FIITJEE centre closures?
According to the ED, 14,411 enrolled students were affected after FIITJEE abruptly closed 32 centres between May 2024 and February 2025. Many of these students had already paid fees of between ₹2.8 lakh and ₹3.5 lakh for multi-year coaching programmes, including JEE preparation.
What properties has the ED seized or attached in the FIITJEE case?
The ED conducted searches at seven premises on 24 April 2025, seizing ₹10 lakh in cash and jewellery worth ₹4.86 crore. It subsequently attached properties worth ₹66.92 crore on 9 October 2026 under the PMLA. The charge sheet now seeks confiscation of assets worth ₹71.88 crore in total.
What were the salaries paid to FIITJEE directors during this period?
The ED found that Dinesh Kumar Goel and Monila Goel together received ₹24.92 crore in salaries from FY 2022-23 onwards — Dinesh Kumar Goel at approximately ₹56 lakh per month and Monila Goel at more than ₹25 lakh per month. The agency alleged these payments continued even as other employees' salaries were delayed and coaching centres were closing.
What legal action has Noida Police taken in the FIITJEE case?
Noida Police has independently filed a charge sheet naming Dinesh Kumar Goel and Monila Goel as accused. The police charge sheet is based on statements from around 300 victims, coaching centre operators, and other witnesses, along with fee receipts and documentary evidence collected during the investigation.
