New Delhi, Nov 19: The Enforcement Directorate (ED) has arrested Jawad Ahmed Siddiqui, Chairman of the Al-Falah Group, under the Prevention of Money Laundering Act (PMLA). The arrest follows extensive search operations at multiple premises of Al-Falah University and associated entities in Delhi and Faridabad.
Officials stated that Siddiqui was taken into custody after evidence revealed large-scale diversion of funds and fraudulent financial practices. During the searches, investigators seized over Rs 48 lakh in cash and uncovered records pointing to the transfer of crores of rupees to family-owned entities. The probe also linked the group’s hospital in Faridabad to individuals accused in the recent Red Fort car blast case.
The ED highlighted that Siddiqui, who has been managing trustee of the Al-Falah Charitable Trust since 1995, exercised complete control over the group’s institutions. Investigations revealed irregularities in accreditation claims and misuse of funds, raising concerns about the group’s financial dealings and its alleged role in supporting a “white-collar terror module.”
A Delhi court has remanded Siddiqui to ED custody until December 1, citing reasonable grounds to believe he committed offences under money laundering laws. The agency confirmed that further interrogation will focus on tracing the flow of funds, identifying beneficiaries, and examining the group’s financial network.
The Enforcement Directorate reiterated its commitment to pursuing cases of financial fraud and money laundering, particularly those with links to national security. Authorities assured that strict action will be taken against individuals and institutions found guilty of diverting funds or aiding unlawful activities.
