The Enforcement Directorate (ED) has filed a chargesheet against FIITJEE and its directors, Dinesh Kumar Goel and Monila Goel, on money laundering charges linked to the alleged misappropriation of over Rs 85 crore collected from students. This legal action was taken by the ED's Lucknow zonal office and submitted before a special Prevention of Money Laundering Act (PMLA) court in Ghaziabad, Uttar Pradesh.
- FIITJEE allegedly shut 32 centres abruptly between May 2024 and February 2025.
- 14,411 students were left without coaching after the closures.
- The ED seeks conviction under the PMLA and confiscation of properties worth Rs 71.88 crore.
- Fees collected amounted to Rs 85.79 crore, categorized as proceeds of crime.
- The directors reportedly drew high salaries despite unpaid staff and centre closures.
What are the main allegations against FIITJEE and its directors?
The ED alleges that FIITJEE collected fees ranging from Rs 2.8 lakh to Rs 3.5 lakh per student for 2-4 year coaching programs for competitive exams like the Joint Entrance Examination (JEE) for IITs. However, the coaching centres abruptly closed without prior notice due to unpaid faculty salaries. Despite this, the management continued to collect fees from new students based on false assurances that the full program would be delivered.
How many centres were closed and how were students affected?
FIITJEE reportedly shut 32 centres between May 2024 and February 2025. This sudden closure left 14,411 enrolled students without the coaching they had paid for. The company continued to admit students for programs running up to March 2029, even though it was aware it could not provide the promised coaching.
What financial irregularities did the ED find during its investigation?
The ED found that the fees collected, totaling Rs 85.79 crore, were misappropriated and categorized as proceeds of crime. The company operated at a continuous deficit, yet the directors drew substantial salaries. Dinesh Kumar Goel reportedly earned about Rs 56 lakh per month, while Monila Goel earned over Rs 25 lakh per month, despite not attending office regularly. The Goel family, holding 86.31% of shares, approved their own salaries without independent checks and prioritized their payments over employees' salaries, which were delayed or unpaid.
What actions has the ED taken against FIITJEE?
The ED has provisionally attached assets worth Rs 71.88 crore, including Rs 66.92 crore attached in October 2025, Rs 10 lakh in cash, and jewellery worth Rs 4.86 crore seized during searches in April 2025. The agency has sought the conviction of FIITJEE and its directors under the PMLA and the confiscation of these properties.
What is the background of FIITJEE?
FIITJEE was established in 1992 with its head office in Delhi. It is known for coaching students for competitive exams like the JEE. The recent allegations and legal actions have raised concerns about the institute's management and financial practices.
Frequently Asked Questions
Q: What is the Prevention of Money Laundering Act (PMLA)?
A: The PMLA is an Indian law aimed at preventing money laundering and confiscating property derived from criminal activity.
Q: How many students were affected by the FIITJEE centre closures?
A: Approximately 14,411 students were left without coaching after FIITJEE abruptly closed 32 centres.
Q: What are the next steps in the ED case against FIITJEE?
A: The ED has filed the chargesheet and is seeking conviction and confiscation of assets. The case will proceed in the special PMLA court in Ghaziabad.
