💨 Abstract

The Enforcement Directorate conducted raids on multiple locations in Delhi-NCR as part of a money laundering investigation against coaching institute FIITJEE, following complaints from parents whose children were left stranded after the institute suddenly shut down. The institute, which provides coaching for competitive exams to engineering aspirants, is being investigated under the Prevention of Money Laundering Act (PMLA).

Courtesy: theprint.in

Summarized by Einstein Beta 🤖