Cops seize Rs 11.11 crore from 12 bank accounts of FIIT-JEE’s Dinesh Goyal in probe linked to cheating case

An FIR was filed in the matter at the Knowledge Park Police Station on January 24 following a complaint by Manoj Singh, a resident of Omega 2. Singh’s daughter was enrolled in a four-year programme at the institute. “They charged me Rs 2.90 lakh. I paid Rs 2.80 lakh via a cheque. But on January 21, they sent a message saying that all the teachers of the institute have left, and therefore, they are shutting the institute at Greater Noida,” read the FIR.

The FIR was filed under sections 318(4)(cheating) and 316(2)(criminal breach of trust) of Bhartiya Nyaya Sanhita (BNS) against FIIT JEE. Kumar told The Indian Express an investigation is ongoing against others named in the complaint.

According to the Greater Noida Police, the crackdown was led by a joint team of the Knowledge Park Police and the cybercrime team. The investigation revealed that Goyal had 172 current accounts and 12 savings accounts. “Out of the above accounts, information of 12 bank accounts has been shared by the bank so far, in which about Rs 11,11,12,987 has been found. The total amount of Rs 11,11,12,987 deposited in the above 12 bank accounts has been frozen by Knowledge Park Police Station and Cyber Crime Team Greater Noida Police,” read an official police statement.

Kumar said that as per the instructions of Police Commissioner Gautam Buddha Nagar, Laxmi Singh and under the supervision of Deputy Commissioner of Police, Saad Miya Khan and his team, the investigation was carried out.

FIIT-JEE could not be reached for comment.

Multiple centres of the coaching institute chain, that prepares students for competitive exams such as the Joint Entrance Examination (JEE), were shut down recently amid a prevailing financial crisis. This was followed by several police complaints by anxious parents who said that their students had been left in lurch, alleging that the operations came to an abrupt halt.

At many of the branches, the faculty resigned en masse due to alleged non-payment of salaries.

In a statement, about two weeks ago, the coaching institute chain, which has 73 study centres across the country, had said “not closed any centre as part of its own decision” and blamed managing partners for the financial crisis that led to the closure of several centres, saying that the managing partner is responsible for the profit and loss.