The Enforcement Directorate (ED) on Thursday conducted raids at eight locations linked to FIITJEE coaching centres, including the premises of the promoters. The raids are part of an ongoing investigation into alleged financial irregularities and violations under the Prevention of Money Laundering Act (PMLA).
Officials stated that the investigation stems from multiple first information reports (FIRs) filed by local police in Delhi and Uttar Pradesh. The complaints, filed by parents of students enrolled in FIITJEE centres, have raised concerns about the sudden closure of several centres across the country, as well as alleged financial mismanagement.
The controversy began in January 2025, when numerous FIITJEE centres abruptly shut down without any prior notice. Parents, who had made advance payments for the entire year, claimed they were left in the dark about the closures, leaving approximately 12,000 students uncertain about their future education. The sudden shutdown of the centres, according to sources, has triggered widespread panic among students and their families.
The ED’s investigation is focusing on potential misappropriation of funds, including the alleged diversion of money from the coaching centres towards personal gains or other entities. The financial irregularities under investigation are believed to have impacted both the educational institution and its students, sparking concerns about accountability in the country’s private coaching sector.
In response to the raids, FIITJEE has yet to issue an official statement, but sources close to the organisation have indicated that the matter is being closely examined. The ongoing investigation could have significant implications for the coaching industry, which has grown to be a multi-billion-dollar sector in India, with thousands of students relying on these institutions for competitive exam preparation.
The ED’s action is a part of its broader efforts to ensure financial transparency and integrity within educational institutions, particularly those dealing with large sums of money.
Sources By Agencies