ED to File Chargesheet in Al-Falah University Money Laundering Case; Assets Attached

• The Enforcement Directorate (ED) will file a chargesheet on Friday (January 16) in a money laundering case linked to Al-Falah University and the Al-Falah Group.
• The ED has attached movable and immovable assets worth crores of rupees and arrested Jawad Ahmed Siddiqui, Chairman of the Al-Falah Group, under PMLA.
• Investigators allege fraudulent methods were used to secure university recognition with forged documents, and funds were diverted from the trust to family-owned companies.
• Al-Falah University is accused of making false claims about NAAC accreditation and UGC recognition under Section 12(B), misleading students and stakeholders.
• Searches at 19 locations in Delhi revealed substantial proceeds of crime, cash seizures, and the use of shell companies for fund diversion.

Why It Matters: ED is filing a chargesheet in the Al-Falah University money laundering case, involving asset attachments and arrests.