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The Enforcement Directorate (ED) is investigating Jawad Ahmed Siddiqui, founder of Al Falah University, over 14 immovable properties and a Dubai-based jewellery business allegedly owned by him. The agency is also examining the financial dealings of 16 entities linked to the Al Falah Group. Investigators have identified contracts for construction and catering services awarded to firms associated with Siddiqui and his family. The probe also traces overseas funds, prior arrests, and links with terror modules, aiming to uncover any irregular financial transactions.
The Enforcement Directorate has intensified its investigation into Jawad Ahmed Siddiqui, the founder of Al Falah University and chairman of the Al Falah Group, after searches at multiple premises linked to the university, its trustees, and related entities. Fourteen immovable properties, reportedly valued at about INR 9.28 crore, along with a Dubai-based jewellery business, are under detailed verification. The ED is assessing ownership, funding sources, and potential links to irregular financial flows. Advertisement
Financial records of 16 entities connected to the Al Falah Group are being examined, with details obtained from the Ministry of Corporate Affairs. This step is part of a broader probe into potential money laundering, tracing whether transactions comply with statutory filings and income tax returns.
The investigation gained momentum following reports that three doctors affiliated with the Haryana-based university were allegedly linked to a terror module involved in a blast in the national capital in November. The ED carried out searches at nearly two dozen locations before arresting Siddiqui, who is currently in judicial custody.
To manage the large volume of digital data recovered during searches, the ED is using high-efficiency computing systems to analyse transaction histories, communication patterns, and relationships between the trust, its companies, and family-linked entities. Preliminary findings indicate that construction contracts for the medical college and hospital in Dhauj, Faridabad, were awarded to M/s Karkun Construction & Developers, a partnership firm owned equally by Siddiqui and his daughter. Similarly, hostel catering contracts were given to Amla Enterprises, co-owned by his wife and son.
Investigators have flagged potential related-party transactions that may not have been disclosed in the income tax returns or other statutory filings of the Al Falah Charitable Trust, which manages the university. Earlier filings show substantial revenues reported as voluntary contributions and educational receipts, but discrepancies have been noted between declared income and actual assets held.
Siddiqui's past also includes a previous arrest by Delhi Police in 2000 for cheating, forgery, and criminal conspiracy related to a portfolio management scheme, resulting in four years of imprisonment. The ED is also probing overseas properties in Sharjah, funds received from the UK in thousands of USD, unsecured loans, and possible disguised distributions of funds.
Further scrutiny is being applied to determine if any proceeds were channelled to individuals connected to terror activities. Alongside property and corporate examinations, the ED has seized cash, digital devices, and documents, and is investigating several shell companies tied to the Al Falah Group.
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