Overview
- Investigators say proceeds of crime total Rs 493.24 crore, generated by misleading students with expired NAAC status and false UGC 12(B) recognition.
- The provisional attachment covers about 54 acres of land and campus buildings in Faridabad, with a receiver expected to preserve operations for students.
- The chargesheet alleges routing of over Rs 110 crore through family-controlled firms, undisclosed related-party contracts, and outward remittances to close relatives.
- ED details ‘on-paper’ faculty, fake patients before inspections, and hiring of three doctors later tied to the Red Fort blast without police verification to secure NMC approvals.
- Chairman Jawad Ahmad Siddiqui remains in judicial custody as NIA runs a parallel terrorism probe, the court has yet to take cognisance of the ED filing, and supplementary charges are expected.