A Saket court on Saturday rejected Jawad Ahmed Siddique’s usual bail application. He had sought regular bail in a money laundering case linked to Al Falah Fund. The Enforcement Directorate (ED) has already filed a chargesheet against him.
The trust allegedly generated proceeds of crime amounting to Rs. 493.24 crore, is the fee receipts obtained by encouraging admission of students in institutions.
The prosecuting agency alleges that the applicant cheated several regulators to obtain the necessity certificate from the Haryana government and permissions from the National Medical Commission.
Additional Sessions Judge (ASJ) Sheetal Chaudhary Pradhan rejected the bail application after hearing the arguments of the accused’s counsel and emergency manager.
While denying bail, the court noted that “it is clear that the proof of ownership generated from Al Falah University/Fund/College was routed through relevant parties, i.e. Amla Enterprises LLP, Carcon Construction and Developers Company and Dyala Construction and Developers Limited, owned by his wife, children and trusted employees, but ultimately controlled by him, took money from India abroad and invested it in businesses and movable and immovable properties abroad.”
“Thus, as managing trustee and advisor, he abused his fiduciary duties by using charitable and educational institutions as instruments for personal, family and business benefit, in violation of legal obligations,” lawyer Sheetal Chaudhary Pradhan said in the order.
The friend had submitted a request through lawyer Talib Mustafa.
Special Consultant Zoheb Hossain, assisted by Pranjal Tripathi, attended the emergency department. He opposed the bail application for various reasons.
The accused and Al-Falah group reportedly used multiple fraudulent means to lure students and obtain permissions from various regulatory authorities through forged/false/manipulated means.
The total income for years after the adoption of NAAC and false omission of recognition of UGC under Section 12(b), resulted in generation of proceeds of crime by the accused in the form of educational receipts received by Al Falah Charitable Trust, Al Falah University and all institutes, including Medical College of Al Falah Charitable Trust, amounting to Rs. Rs 493.24 crore,” the CEO said.
The agency also said that the Delhi Police Crime Branch has filed a chargesheet against him.
Earlier, lawyer Zoheb Hussein said it was a serious case. Some of the accused in the Delhi blast case were working at Al Falah University in Faridabad.
