Fiitjee Founder refuts the allegation of money siphoning; Complaints about the heavy -handed approach of ED | Mint

Mumbai/Bengaluru: “I was horrified to see strangers standing next to my bed,” said Dk Goel, founder of Fiitjee, the coaching institute, telling how officials of the maintenance director Thursday, ten minutes before 5 o’clock, stormed in his home in Delhi’s Vasant Vihar. “They refused to show me any identification cards. I thought Dacoits had entered my house,” Goel said in his first public statement since the problems began in November at the coaching institute he founded in 1992. Goel transmitted the allegations of £ 250 across the country’s leading engineering investigation into the country’s starter. evening. Delhi’s luxurious Vasant Vihar neighborhood. About 32 Fiitjee coaching centers across the country are closed, the ED said. “The collected funds were allegedly deduced for personal and unauthorized use, while faculty salaries remained unpaid,” Ed said in his press release. Ed grabbed cash, jewelry during the search, seized £ 10 lakh in cash and jewelry worth £ 4.89 from Goel. The Fiitjee founder said the money was for health cases because of his mother and his own ill health. He further claimed that his co -workers showed the ED officials the source of funds for all the cash and jewelry. Inquiries sent to the Ed by e -mail on Sunday did not elicit an answer. Goel blames the competition for the public collapse of his coaching institute. He says competing institutes stripped his staff across different centers and closed them. In some centers, employees left Fiitjee to start their own institutes. He blamed the authorities that he frozen the bank accounts of Fiitjee and all related entities for his financial problems and unpaid salaries to employees. The accounts were frozen on February 7, he said. He said this, together with bad press, caused the closure of dozens of Fiitjee centers across the country. He refuted ED’s claim of 32 centers that close, claiming that the number is “much lower” without being specific. “We didn’t close a single center. They were closed because of employees abandonment,” he said. Starting online classes, the coaching institute, once the market leader in coaching for the Joint Admission Exam (JEE) for admission to the prestigious Indian Institutes of Technology (IIT) and other leading engineering colleges said it was resumed by online classes for students. In a communications sent to students on April 3, the Institute claimed that this online “height phase” of classes would continue for 3.5-6.5 weeks, after which offline classes would begin. In the same communication, the institution blamed the competition for its problems. “Frustrated about their failures, our competitors have stripped our top students (just to ruin their rank and success) and also [sic.] Our faculty, but of no benefit. Conspiracies against Fiitjee are nothing new, “read the more than 2200 words. Communication. At its peak, Fiitjee operated about 70 coaching centers and integrated schools across India, and expanded to Qatar and Bahrain. From January it had about 80,000 students, a number now shrunk to 55,000-603,