ED Freezes ₹39 Crore in Assets Linked to Al-Falah Charitable Trust and Its Chief
ED attaches assets worth 39 crore of Al-Falah charitable trust, it's chief Jawad Siddiqui
Hindustan Times
Image: Hindustan Times
The Enforcement Directorate (ED) has attached assets worth ₹39.45 crore belonging to Jawad Ahmad Siddiqui, chairman of Al-Falah Charitable Trust in Faridabad, India. This action is part of a money laundering investigation related to last year's Delhi blast case, revealing a total of ₹493.24 crore in illicit proceeds generated by the trust from 2016 to 2025.
- 01ED attached assets worth ₹39.45 crore linked to Jawad Ahmad Siddiqui and Al-Falah Charitable Trust.
- 02The investigation stems from a money laundering probe related to the 2022 Delhi blast case.
- 03Total proceeds of crime identified at ₹493.24 crore from FY 2016-17 to 2024-25.
- 04Assets include residential properties, agricultural land, and bank holdings.
- 05Previous asset attachments included land and buildings valued at ₹144.09 crore.
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The Enforcement Directorate (ED) has frozen assets valued at ₹39.45 crore belonging to Jawad Ahmad Siddiqui, the chairman of Al-Falah Charitable Trust based in Faridabad, India. This action is part of an ongoing money laundering investigation linked to the 2022 Delhi blast case. The ED's statement revealed that the Al-Falah Charitable Trust and its associated entities generated ₹493.24 crore as proceeds of crime between fiscal years 2016-17 and 2024-25. The attached assets include Siddiqui's residential properties in Jamia Nagar, agricultural land in Village Dhauj, as well as demat holdings, bank balances, and fixed deposits. The investigation also uncovered that these proceeds were diverted to various entities controlled by Siddiqui and his family, which subsequently siphoned funds to foreign destinations. Earlier this year, the ED had already attached land and buildings at the Al-Falah University Campus in Dhauj, valued at ₹144.09 crore.
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The attachment of assets may affect the operations of Al-Falah Charitable Trust and its associated university, potentially impacting students and employees.
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