The Enforcement Directorate (ED) has arrested Jawad Ahmad Siddiqui, the Director and major shareholder of M/s Tarbia Education Foundation, in connection with a money laundering case. The arrest took place on March 24 by the ED’s Delhi Zonal Office under the provisions of the Prevention of Money Laundering Act (PMLA), 2002. This action is part of an ongoing investigation into the alleged generation and laundering of proceeds of crime linked to Al-Falah Charitable Trust, Al-Falah University, and their associated entities.
The Al-Falah group is currently under scrutiny in an investigation related to the November 10 blast near Delhi’s Red Fort. The ED had previously filed a prosecution complaint against Siddiqui on January 17 in the case. Investigations have uncovered the use of forged and fabricated documents for the fraudulent acquisition of land.
According to the ED, Siddiqui, along with other individuals, allegedly orchestrated the preparation and execution of fake documents to illegally acquire land in southeast Delhi. The land, measuring around 1.146 acres, is presently valued at approximately Rs 45 crore. The agency has mentioned that the recorded sale consideration in the documents was Rs 75 lakh, but the actual transaction value is suspected to be much higher.
Investigators are currently tracing the full money trail and identifying other beneficiaries, as well as additional properties allegedly acquired through the proceeds of crime. Siddiqui was presented before the Special PMLA Court in Saket on March 25, which remanded him to ED custody till April 4 for further interrogation. The agency has confirmed that further investigation into the matter is ongoing.
