The Enforcement Directorate (ED) has filed a prosecution complaint and laid out allegations under the Prevention of Money Laundering Act (PMLA) against FIITJEE and its directors over alleged diversion of fees worth ₹85.79 crore. Multiple outlets report that the ED’s case centres on how prepaid student fees were allegedly misused rather than used for promised coaching services.
The reports also say FIITJEE shut 32 coaching centres, affecting more than 14,000 students. Outlets describe students as having paid substantial fees in advance, and ED allegations include that the company prioritised directors’ compensation and salaries during financial strain. NDTV specifically reports that directors Dinesh Kumar Goel and Monila Goel received ₹24.92 crore in salaries from the financial year 2022–23 onward, as part of the ED’s wider claims.
Across coverage, the common theme is the ED’s focus on alleged fee misappropriation and the closure of centres impacting students, while investigations continue to assess the extent of fund diversion and any related assets.
