Investment scams to money laundering: Al Falah Trust under investigation
New Delhi: The Al Falah Charitable Trust, which came into focus during the investigation into the Red Fort blast, is now also on the radar of investigating agencies over its old financial matters and alleged irregularities. The trust, which runs Al Falah University in Dhauj, Faridabad, was formed in Jamia Nagar in south Delhi in 1995. Investigations are under way into allegations against trust chairman Jawad Ahmed Siddiqui involving fraud with investors, misleading claims related to the university’s recognition, and money laundering.
Allegations of fraud in investment schemes: Jawad Ahmed Siddiqui’s name is said to be linked to more than 15 companies. Around 2002-03, schemes such as Islamic Profit Scheme and Halal Financing were launched through Al Falah Investment. Returns of up to 35 to 40 percent on investments were claimed. It is alleged that funds of hundreds of investors got stuck in these schemes. In this matter, fraud allegations were levelled against Jawad and his brothers. The Reserve Bank of India also cancelled the NBFC registration of the related company.
Questions over the university’s recognition: The Enforcement Directorate (ED) arrested Jawad Ahmed Siddiqui on November 18, 2025, in a money laundering case. The agency alleges that the university misled students and parents by making misleading claims regarding NAAC accreditation and UGC recognition. According to the ED, between 2018 and 2025, the university earned about Rs 415.10 crore in fees and other academic income, of which some amount was allegedly used for personal purposes and sent abroad through associated companies.
In April 2026, the ED provisionally attached properties worth Rs 39.45 crore linked to the trust and its managing trustee. The agency has also referred to alleged proceeds of crime amounting to Rs 493.24 crore between 2016-17 and 2024-25.
Name surfaced in Red Fort blast probe: In the car blast near the Red Fort on November 10, 2025, Dr Umar-un-Nabi, associated with Al Falah University, was described as the suicide attacker. After this incident, the investigation into the university and people connected to it intensified. However, the cases of financial irregularities against the trust and its alleged role in the blast are separate subjects of investigation. Agencies are examining financial transactions and possible foreign fund flows. The actual position in these matters will become clear only after the investigation is completed and charges are proved in court.
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