The Enforcement Directorate (ED) has filed a prosecution complaint against FIITJEE Limited and its directors, Dinesh Kumar Goel and Monila Goel, before a special PMLA court in Ghaziabad today, in an alleged money laundering case linked to the misuse of students’ coaching fees.
The investigation began on the basis of four FIRs – three registered by Uttar Pradesh Police in Noida and Greater Noida, and one by Madhya Pradesh Police in Bhopal.
The Goel family holds an 86.31 per cent stake in the company, allowing the directors to approve their own remuneration without independent oversight, according to the agency.
Noida Police has already filed a chargesheet in the case, naming Dinesh Kumar Goel and Monila Goel as accused. With the filing of the prosecution complaint, the ED has sought legal action against the accused and confiscation of the assets identified during the investigation. The allegations are yet to be established in court, and the final decision on the accused’s guilt and confiscation of assets rests with the judiciary.
The agency has sought the conviction of the accused and confiscation of assets worth Rs 71.88 crore that were seized or provisionally attached during the investigation. The chargesheet reportedly draws on statements from around 300 victims, coaching centre operators and other witnesses, along with fee receipts and other evidence collected during the investigation.
