Al Falah university founder sent to 13-day ED custody in money laundering case
Al-Falah University Chairman Jawad Ahmad Siddiqui (also spelt Siddhiqui) was sent to 13 days of custody to Enforcement Directorate (ED) in a money laundering case on Wednesday, November 19.
He was arrested by ED on the night of November 18 under Prevention of Money Laundering Act (PMLA) and presented before Additional Sessions Judge Sheetal Chaudhary Pradhan of Delhi’s Saket District Court.
The ED had demanded custody of 14 days while the counsel of the accused opposed ED remand and stated that the accused is willing to join the ED investigation.
The court then remanded him to ED custody of 13 days till December 1, 2025, as per the court order accessed by CNBC-TV18.
ED has alleged that the university accumulated over ₹415.10 crore from financial year 2018-19 to FY 2024-25 which were declared as “Receipts from main object” and “Educational revenue”.
Siddhiqui was arrested under Section 19 of the PMLA by the ED officials after search operations conducted by the central agency.
The operations stem from the terror blast that happened in Delhi near Red Fort Metro Station Gate No. 1 on November 10 that has claimed 15 lives as of November 19.
On November 9 and 10, over 2,900 kg of ammonium nitrate was seized from individuals who were associated with Al-Falah University, whose one associate was linked in the Delhi blast.