In a significant move, Noida Police has taken strict action against the renowned coaching institute FIITJEE. Authorities have frozen bank accounts linked to the institute, including those associated with its founder, Dinesh Goyal. A total of ₹11.11 crore has been seized across 12 bank accounts belonging to Goyal. So far, police have identified 172 current accounts and 12 savings accounts connected to him.
₹11 Crore Found in FIITJEE-Linked Accounts
The closure of FIITJEE coaching centers has triggered a strong response from Noida Police. Following legal complaints against the institute’s management, authorities initiated a process to freeze bank accounts associated with FIITJEE. Several accounts have already been sealed, with further action underway. Reports suggest that crores of rupees are held in these accounts.
Notably, a case was filed at Sector 58 police station against FIITJEE’s owner, Dinesh Goyal, and other key officials after the abrupt shutdown of the institute’s classes. Eight individuals, including Goyal, have been charged with criminal conspiracy and breach of trust. The Sector 58 police are actively investigating the matter.
Management Explains Financial Crisis
FIITJEE, a well-known coaching institute for engineering and medical entrance exams, has been facing severe operational difficulties, leading to the closure of multiple centers. As a result, thousands of students preparing for competitive exams are left in uncertainty. Concerns over unpaid salaries to employees had already raised questions about the institute’s stability in recent months.
Students’ worst fears have now come true as FIITJEE’s operations have come to a standstill. On January 25, the coaching institute’s management released a 13-point statement explaining the reasons behind the crisis. This statement aims to reassure parents and students who had paid hefty advance fees for courses.
FIITJEE has assured all stakeholders that students’ education and future remain a priority. The institute emphasized that the current financial distress is temporary and that efforts are being made to resolve the situation soon. In an official response, FIITJEE’s media management team has now released a formal statement addressing concerns.
The situation remains tense, with students and parents anxiously waiting for further updates on FIITJEE’s future operations. Meanwhile, Noida Police continues its investigation, ensuring transparency and justice for affected students.
