The Enforcement Directorate (ED) has revealed that FIITJEE, a popular coaching institute, collected around ₹206 crore from students, but did not provide the promised educational services. The money was allegedly used for personal and unauthorised purposes, while many teachers were not even paid their salaries.
The ED conducted raids on April 24 at seven locations across Noida, Delhi, and Gurgaon as part of an investigation into financial fraud by FIITJEE. These raids were conducted under the Prevention of Money Laundering Act (PMLA), 2002.
According to officials, the investigation started after several FIRs were filed in cities like Lucknow, Noida, Delhi, and Bhopal, accusing FIITJEE’s senior management of cheating students and parents by promising quality education but failing to deliver.
During the raids, the ED searched the homes of FIITJEE's Director DK Goel, as well as the CEO, COO, CFO, and the coaching institute's offices. They found that 32 coaching centres across India — in cities like Ghaziabad, Lucknow, Meerut, Delhi, Mumbai, and more — were suddenly shut down, leaving thousands of students and parents helpless.
Details of Fee Collection:
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₹181.89 crore from 9,823 students (2025-2026 batch)
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₹47.48 crore from 3,316 students (2026-2027 batch)
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₹17.07 crore from 1,008 students (2027-2028 batch)
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₹3.76 crore from 264 students (2028-2029 batch)
In total, ₹250.2 crore was collected from 14,411 students.
The ED seized ₹10 lakh in cash and jewellery worth ₹4.89 crore. They also found documents and digital evidence that show how the money was misused. Officials say this points to a planned scheme to cheat students and parents using the name of education.
The investigation is still going on.
