FIITJEE Fraud: Top Officials Under Investigation for Rs 206 Crore Financial Irregularities

FIITJEE Fraud: In a shocking development, lookout circulars (LOCs) have been issued against four top officials of the renowned coaching institute FIITJEE in connection with an ongoing investigation into alleged financial irregularities worth Rs 206 crore. The case has sent shockwaves through the educational sector, with students, parents, and the public demanding justice for the victims.

The investigation, which has been unfolding since the beginning of 2025, points to serious accusations against the coaching giant. Police officials have confirmed that the LOCs are a precautionary measure, as the number of complaints continues to rise, with over 190 grievances already filed against the institution. The probe, currently underway, has revealed multiple irregularities in financial transactions, including the operation of 48 bank accounts linked to the institution.

What Led to the Investigation?

The case began with a series of complaints from students and parents regarding the coaching centre’s abrupt closure. Reports suggest that despite collecting substantial fees for coaching services, FIITJEE failed to deliver the promised courses and services. In mid-January 2025, the institute suddenly shut down its operations without prior notice, leaving students stranded and parents furious.

According to a police statement, a total of 192 complaints were registered by individual students and parents, primarily from the institute’s east Delhi centre in Laxmi Nagar. These complaints highlight issues ranging from unfulfilled promises of course completion to non-refundable fees. As the inquiry progressed, it was discovered that the financial dealings of the institute were far from transparent.

The Role of FIITJEE Officials

In response to the investigation, the agency has already interrogated one of the promoters of the coaching centre, although he was later released. The authorities are currently working to obtain crucial documents and bank account details to ascertain the full scope of the financial mismanagement.

The officials confirmed that the LOCs prevent the accused individuals from leaving the country without prior consultation with the investigation agency. The authorities are continuing to gather evidence, with one police officer stating, “We are in the process of collecting bank account details. Once we have the information, we will assess the roles of the individuals involved. This will help us confront them with solid evidence.”

FIITJEE’s Response

In response to the allegations, FIITJEE has claimed that the situation is temporary. The institute released a statement emphasizing that its decision to temporarily close down was not made voluntarily. According to the coaching centre, the abrupt shutdown was caused by the sudden desertion of the centre’s managing partner and staff, leading to a “force majeure” situation.

“FIITJEE has not closed any centre as part of its own decision. The sudden desertion of the Laxmi Nagar centre by the managing partner and the entire team is the reason for this temporary disruption,” stated the official FIITJEE response. The coaching centre assured that its officials are working tirelessly to resume operations at all affected locations within a reasonable timeframe.

A Wake-Up Call for the Education Sector

This unfolding investigation raises serious concerns about transparency and accountability in the education sector. Students and parents who invest significant amounts of money in coaching institutes, often with high expectations of academic success, deserve more protection from such financial misconduct.

As the probe continues, authorities are closely monitoring the developments, and there is growing public pressure for swift action. The investigation into FIITJEE’s alleged financial irregularities is not only about one institution’s failure but also about ensuring that similar situations do not arise in the future.

The Road Ahead

The case is far from over. Investigators are focusing on gathering evidence to hold those responsible accountable for the financial mismanagement. With the LOCs in place, the accused officials are under the watchful eye of the authorities, and their next moves will likely be critical in determining the outcome of this high-profile case.

For now, the future of FIITJEE remains uncertain, and the thousands of students who trusted the institute are left wondering what the next steps will be. As the investigation progresses, one thing is clear: the educational sector must take immediate measures to prevent such cases from recurring.

Stay tuned as we continue to bring you the latest updates on this developing story.