Tag: Rs 415 crore
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Al-Falah University Rs 415 Crore Fraud: ED Arrests Chairman and Allegations of Diversion to Family Firms
Introduction: A high-profile case shocks the education sector In a development that has rattled students and investors in the education space, the Enforcement Directorate (ED) arrested Jawad Siddiqui, the chairman of the Al-Falah Group, over allegations that nearly Rs 415 crore was siphoned from the Al-Falah University project. The case highlights alleged financial malfeasance, preferential…
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Al-Falah University Scam: How Rs 415 Crore Was Allegedly Diverted to Family-Owned Firms
Overview: A High-Profile Financial Scandal at Al-Falah University The Enforcement Directorate (ED) has brought to light a large-scale financial scam involving Al-Falah University, alleging that crores were diverted from the institution’s finances and siphoned off to family-linked companies. The arrest of Jawad Siddiqui, the chairman of the Al-Falah group, has intensified scrutiny on governance, transparency,…