Faridabad, March 27: The Enforcement Directorate on Friday announced the arrest of Al Falah Group Chairman Jawad Ahmad Siddiqui for his alleged involvement in a new money laundering scheme. The 61-year-old is accused of using falsified documents to seize 1.14 acres of land in the Madanpur Khadar area of the national capital. While the property is valued at approximately ₹45 crore, the ED affirmed that the sale documents listed a consideration amount of just ₹75 lakh, suggesting a massive undervaluation and illegal transfer.
Following his production before a special Prevention of Money Laundering Act (PMLA) court, Siddiqui was granted to ED custody for questioning until April 4. The Chairman was already in judicial custody at Tihar Jail facing previous charges of financial misconduct and misrepresenting educational credentials to students. The ED maintained that Siddiqui, as a majority shareholder in the Tarbia Education Foundation, played a central role in orchestrating the fabrication of the land records.
The investigation into the Al Falah Group deepened last year when the Faridabad varsity was linked to a terror module following a fatal blast in the Red Fort area. Law enforcement officials asserted that the university’s involvement in that case, combined with the alleged diversion of ₹415 crore in student fees, has made the group a primary target for federal oversight. The agency declared that it is now focusing on identifying other properties that may have been acquired through similar fraudulent means.
The ED affirmed that the current probe aims to uncover the full extent of the collusion between Siddiqui and his associates. Investigators stated that the disparity between the documented price and the actual valuation of the land is a key indicator of money laundering. The agency asserted that efforts are ongoing to recover the proceeds of the crime and ensure that all individuals involved in the forgery face legal consequences.
