New Delhi: FIIT-JEE, a leading coaching institute in India, is in a soup.
Recent searches conducted by the Enforcement Directorate (ED) at seven locations across Uttar Pradesh’s Gautam Buddha Nagar, Delhi and Haryana’s Gurgaon revealed that around Rs 206 crore was collected from students for providing educational services which were ultimately not delivered.
“The collected funds were allegedly diverted for personal and unauthorised use, while faculty salaries remained unpaid. Consequently, 32 coaching centres at Ghaziabad, Lucknow, Meerut, Noida, Prayagraj, Delhi, Bhopal, Gwalior, Indore Faridabad, Gurugram, Mumbai etc. were abruptly shut down, causing widespread distress to students and parents,” a senior ED official said.
These search operations, under provisions of the Prevention of Money Laundering Act (PMLA), 2002, were carried out at the residences of director DK Goel, CEO, COO, CFO, and also at the official premises of FIIT-JEE Coaching Institute, ED said in a press note.
The investigation was initiated by ED based on multiple FIRs registered against FIIT-JEE and its senior management in Lucknow, Noida, Delhi, Bhopal, and other locations.
ED officials revealed the FIRs alleged that the senior management of FIIT-JEE collected substantial fees from students and parents under the pretext of providing quality educational services, but instead engaged in large-scale financial fraud, criminal breach of trust, and educational malpractice by failing to deliver the promised educational services.
The details of Proceeds of Crime (POC) were unearthed during the searches, including the total number of students from whom fee was collected.
“Fees of around Rs 181.89 crore were collected from 9823 students in the academic year 2025-2026. Similarly, Rs 47.48 crore were collected from 3316 students for the academic year 2026-2027, Rs 17.07 crore were collected from 1008 students for the academic year 2027-2028 and Rs 3.76 Crore were collected from 264 students for the academic year 2028-2029. The total amount of ₹250.2 crore from total 14,411 students was collected,” a senior ED official informed.
ED seized several incriminating documents and digital devices, pointing to serious financial irregularities and systematic siphoning of funds, thereby defrauding students and their parents under the guise of educational services. Cash amounting to Rs 10 lakh and jewellery worth Rs 4.89 crore were also seized.
