ED attaches over Rs 39-cr assets of Al-Falah chairman Siddiqui, his Trust

This action stems from an ED probe after the Delhi Police lodged three FIRs in connection to the Trust. According to the FIRs, the Al-Falah University, run by the Trust, had misrepresented expired NAAC ‘A’ grade accreditations as valid and falsely claimed UGC Section 12B recognition. The Al-Falah School of Medical Sciences and Research Centre had allegedly used “on-paper faculty” and “fake patients” to obtain National Medical Commission approvals.

Siddiqui was first arrested in November 2025 by the ED in a money laundering case linked to the alleged cheating of students from his educational institutions by misrepresenting their accreditation and recognition. He was again arrested last month by the agency in a second money laundering case linked to “fraudulent” acquisition of a plot of land worth Rs 45 crore in Delhi.

The latest attachment is part of the first money laundering case probe.

“The ED’s investigation has uncovered Rs 493.24 crore in alleged proceeds of crime generated by the Trust and the university between financial years 2016-17 and 2024-25. These funds were reportedly diverted to entities controlled by Siddiqui and his family, including Karkun Construction & Developers, Amla Enterprises LLP, and Diyala Construction & Developers Pvt Ltd, with further siphoning to foreign destinations,” the ED said.

On January 16, the ED had attached the Al-Falah University campus, valued at Rs 144.09 crore. The same day, it filed a prosecution complaint against Siddiqui and the Trust before the special PMLA court in Saket.