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ED Files Chargesheet Against FIITJEE And Directors In 85 Crore Money Laundering Case
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News18•15-10-2026, 18:15
ED Files Chargesheet Against FIITJEE And Directors In 85 Crore Money Laundering Case
- •The Enforcement Directorate filed a chargesheet against FIITJEE Ltd and its director couple, Dinesh Kumar Goel and Monila Goel, in a money laundering case involving over Rs 85 crore.
- •The case stems from allegations that FIITJEE abruptly closed 32 coaching centres between May 2024 and February 2025, leaving 14,411 students stranded after collecting advance fees.
- •The ED is seeking the conviction of the accused under the PMLA and the confiscation of properties worth Rs 71.88 crore that were seized and attached during the probe.
- •Investigators revealed that the directors drew massive salaries, including about Rs 56 lakh per month for Dinesh Kumar Goel, while faculty and staff salaries remained unpaid.
- •The probe found that the management continued to enroll new students and collect advance fees despite knowing the centres would be unable to deliver the promised coaching programs.
Key Questions Answered
The Enforcement Directorate filed a chargesheet against FIITJEE and its director couple, Dinesh Kumar Goel and Monila Goel, on money laundering charges linked to the alleged misappropriation of over Rs 85 crore collected in advance student fees.
The probe stems from four police FIRs filed in Uttar Pradesh and Madhya Pradesh, which alleged that the coaching institute abruptly closed 32 centres without prior notice and left thousands of students without coaching after faculty left due to unpaid salaries.
The agency has sought the conviction of the accused under the PMLA and requested the confiscation of properties worth Rs 71.88 crore, which includes provisionally attached assets and seized cash and jewellery.
