New Delhi, 07 April (H.S.):

The Enforcement Directorate (ED) has provisionally attached immovable and movable properties worth ₹39.45 crore belonging to Jawad Ahmad Siddiqui, Chairman of Al-Falah University, under the Prevention of Money Laundering Act (PMLA), 2002.

ED's statement on Tuesday detailed the seizure, which includes Siddiqui's residential house in Jamia Nagar, Okhla, Delhi; agricultural land adjacent to the Al-Falah University campus in village Dhouj, Faridabad; demat holdings; bank balances; and fixed deposits linked to Siddiqui and the Al-Falah Charitable Trust.

The action stems from an investigation into student fraud and money laundering, where the agency alleges proceeds of crime generated through deceptive practices.

A provisional attachment order under PMLA rules prohibits any transactions involving these assets. To date, ED has attached a total of ₹183.54 crore in properties in this case.

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Hindusthan Samachar / Jun Sarkar