ED attaches ₹39 crore assets of Al Falah Chairman, probe examines financial links in wider case

The Enforcement Directorate (ED) has provisionally attached assets worth over ₹39 crore belonging to Al Falah Group chairman Jawad Ahmad Siddiqui under the Prevention of Money Laundering Act, officials said on Tuesday.

The attached assets include a residential property in Delhi’s Jamia Nagar, agricultural land in the Dhauj area of Faridabad, and multiple bank deposits and fixed deposits. The total value of these properties is estimated at ₹39.45 crore.

Siddiqui, 61, is currently in judicial custody. The latest action is part of an ongoing money laundering investigation in which he is accused of cheating students by allegedly misrepresenting the accreditation and recognition status of institutions run by the Al Falah Group.

Investigators suspect that funds generated through these alleged irregularities were subsequently diverted and laundered into real estate and financial instruments. The ED had earlier attached land and buildings worth around ₹140 crore linked to Al Falah University as part of the same probe.

The case has also drawn attention in the context of a broader investigation into a suspected “white-collar” terror funding module linked to the November 10, 2025 Red Fort area blast, which claimed 15 lives. Agencies are examining whether financial transactions connected to entities under scrutiny may have any bearing on the funding trail of the attack.

However, officials have not established any direct link between Siddiqui, his institutions, and the execution of the blast. The current line of inquiry remains focused on tracing financial flows and identifying potential misuse of institutional channels.

The attachment of assets is a provisional measure aimed at securing suspected proceeds of crime. Final confiscation will be subject to adjudication under due legal process.