Faridabad, April 7: The anti-money laundering agency on Tuesday expanded its crackdown on the Al-Falah Charitable Trust, attaching assets worth over ₹39 crore linked to its managing trustee, Jawad Ahmad Siddiqui. The seized assets include a home in Okhla, Delhi, and land adjacent to the Al-Falah University campus in Haryana, alongside significant fixed deposits and demat holdings.
According to the ED, the ongoing investigation into the trust’s activities has uncovered a massive financial network used to move illicit funds. “Proceeds diverted to these entities were further siphoned off to foreign destinations,” the agency declared, naming Karkun Construction and Diyala Construction as firms used in the scheme. Siddiqui had already been under investigation for allegedly using forged papers to acquire property worth ₹45 crore in Delhi.
The legal proceedings stem from allegations of large-scale fraud and criminal conspiracy. Authorities stated that the university promoted by the trust falsely claimed a valid NAAC ‘A’ grade and projected non-existent UGC recognition. Additional malpractices were reported at the trust’s medical school, where deceptive tactics were allegedly employed to bypass regulatory standards.
The ED had previously filed a chargesheet against Siddiqui and the trust in a Saket PMLA court earlier this year. With this latest attachment, the total value of seized assets in the case continues to rise. Officials asserted that the state machinery is committed to tracing the full extent of the diverted funds and ensuring that those responsible for the systematic forgery and cheating are brought to justice.
