New Delhi: Enforcement Directorate (ED) has attached assets worth $39.45 crore belonging to Faridabad-based Al Falah University President Jawad Ahmad Siddiqui, Al Falah Charitable Trust and its managing secretary in the money laundering probe, which arose out of the Delhi blast case last year.
The federal agency said in a statement on Tuesday that it has annexed the residential buildings of Jawad Ahmed Siddiqui located in Jamia Nagar, agricultural lands in Dawoj village in Faridabad adjacent to Al Falah University campus, Demat properties, bank balances, fixed deposits and bank balances of both Siddiqui and Al Falah Charitable Trust under the Prevention of Money Laundering Act or PMLA.
An indictment was filed in January of this year in the case naming Siddiqui and the trust.
“The investigation conducted by the emergency department revealed a generation of $493.24 crore as proceeds of crime by the Trust/University from FY 2016-17 to 2024-25, through these scheduled offences. Furthermore, the proceeds were transferred to entities controlled by Jawad Ahmed Siddiqui and his family members, including Carcon Construction and Developers, Amla Enterprises LLP, and Diala Construction and Developers Limited. The agency said in its statement that the proceeds transferred to these entities were transferred to a foreign destination.
Earlier, ED had annexed land and building in Al Falah University, Dahj, Faridabad campus for value $144.09 crore in January.
