FIITJEE's Financial Empire Under Attack: Directors Bank Accounts Frozen, Crores Seized

Noida (The Uttam Hindu) : In a dramatic turn of events, the Noida Police have launched a massive crackdown on the prestigious coaching institute, FIITJEE, freezing its directors' bank accounts and seizing crores of rupees. The move comes after several centers of the institute were shut down, sparking protests from students and teachers.

According to reports, the police have discovered hundreds of bank accounts linked to FIITJEE, with crores of rupees deposited in them. Specifically, 172 accounts were found in Axis Bank, 205 in ICICI Bank, and 5 in HDFC Bank. The police have so far seized Rs 60 lakh and have indicated that further action will be taken.

The Noida Police have registered a case against the directors of FIITJEE and have initiated a thorough investigation into the institute's financial dealings. The police are probing allegations of financial irregularities and mismanagement of funds. The crackdown on FIITJEE has sent shockwaves among students and parents, who have invested heavily in the institute's coaching programs. The institute's management has not yet commented on the developments.

The Noida Police's action is seen as a significant step towards cracking down on financial irregularities in the education sector. The police have assured that they will leave no stone unturned in investigating the matter and bringing those responsible to justice. As the investigation unfolds, the future of FIITJEE and its students remains uncertain. One thing is clear, however - the Noida Police's crackdown on FIITJEE marks a new era of accountability in the education sector.