The Enforcement Directorate (ED) on Thursday conducted raids at multiple premises in Delhi-NCR as part of its money laundering investigation against coaching institute FIITJEE.
Multiple locations in Delhi and neighbouring Noida and Gurugram, including those of the promoters of the coaching institute, are being searched, according to PTI.
FIITJEE recently shut its centres abruptly, leaving a number of students in the lurch, officials said.
The ED action is being undertaken under the Prevention of Money Laundering Act (PMLA).
The money laundering case stems from FIRs filed by Noida and Delhi Police on the complaints of some parents, who said in January that the FIITJEE centres suddenly shut. The parents said they deposited lakhs of rupees as fee but they got no service or refund, officials added.
FIITJEE is a coaching institute for competitive exams to engineering aspirants and has 73 centres across the country.
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