FIITJEE, a prominent coaching institute in India, is currently facing significant financial and operational challenges. Several of its centers across multiple states have abruptly shut down, leaving numerous students and parents in distress. The institute attributes these closures to mismanagement and alleged desertion by certain Managing Partners, who were responsible for the financial and operational decisions at their respective centers. FIITJEE claims that these partners misused their authority, leading to substantial financial losses and operational disruptions.

In response to these developments, law enforcement agencies have initiated investigations. The founder of FIITJEE, D.K. Goel, along with 11 others, has been booked by the Noida Police based on complaints from parents alleging fraud and breach of trust. These complaints stem from the sudden closure of centers and the non-refund of fees paid by students.

The institute has acknowledged its financial difficulties and is reportedly taking steps to address the situation. FIITJEE has stated that it is working to resume operations at the affected centers within a reasonable time frame and is also pursuing legal action against competitors for alleged unfair trade practices.

The sudden closures have disrupted students’ preparation for competitive exams, raising concerns among parents about their academic progress. Many parents who had paid significant fees are now seeking refunds or alternative solutions. Some parents have filed police complaints demanding refunds, and there have been reports of teachers resigning due to unpaid salaries.

As the situation develops, it is advisable for affected students and parents to stay in close contact with FIITJEE’s official communication channels for updates and to explore alternative arrangements to ensure continuity in their academic preparations.

Noida Police Freeze Over 300 FIITJEE-Linked Accounts, Seize Rs 60 Lakh Amid Financial Misconduct Probe

Noida, India – In a significant crackdown, Noida Police have frozen more than 300 bank accounts linked to the FIITJEE coaching institute and seized Rs 60 lakh in cash. This action comes amid an investigation into allegations of financial misconduct involving FIITJEE’s owner Dinesh Goyal and eight others.

The case against the accused includes charges of criminal breach of trust and criminal conspiracy under serious sections of the Indian Penal Code (IPC).

Police Investigation and Statements

According to Deputy Commissioner of Police (DCP) Ram Badan Singh, more accounts connected to the coaching institute are being discovered, and authorities are awaiting their details.

• FIITJEE owner Dinesh Goyal has been summoned for a statement regarding the financial irregularities.
• The statements of 31 former teachers will be recorded as part of the investigation.
• 250 parents have already provided statements, detailing their grievances related to fees and other financial dealings.

The Sector 58 police station is leading the investigation, which has drawn significant attention from both law enforcement and affected students and parents.

Background

FIITJEE, one of India’s most reputed coaching institutes for engineering entrance exams, has been facing a financial and operational crisis. Several centers have shut down unexpectedly, leaving parents and students in distress. Many have alleged non-refund of fees and salary dues for faculty, leading to legal complaints.

Authorities have assured a thorough investigation and possible further action based on the findings.

What’s Next?

With the investigation intensifying, more details are expected to emerge in the coming weeks. Affected students and parents are advised to stay updated through official channels and seek legal recourse where necessary.

For more updates on the FIITJEE case, stay tuned.

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