The Saket District Court in Delhi has once again slammed the door on bail for Jawaad Ahmad Siddiqui, Chairman of Al-Falah University, in a high-profile money laundering investigation. The rejection came amid arguments that the probe is at a critical stage.
This is the second bail denial for Siddiqui in money laundering matters. Post his police remand, he appeared before Additional Sessions Judge Sheetal Chaudhary Prinja. The ED opposed bail, stressing the need for judicial custody to collect vital evidence, a plea the court upheld.
Siddiqui was nabbed by ED officials on March 24 directly from Tihar Jail, where he was already held. The case stems from alleged laundering through Al-Falah Charitable Trust and its university arm, with threads connecting to the Lal Qila blast inquiry from November 10.
Key findings include a charge sheet filed on January 17, exposing a land scam. Siddiqui is accused of forging documents with accomplices to grab 1.146 acres in Madanpur Khadar (Khasra 792), southeast Delhi. Market value: Rs 45 crore. Falsely declared: Rs 75 lakh. The discrepancy screams foul play.
ED teams are digging deeper into transaction flows, asset seizures, and co-conspirators. This episode highlights vulnerabilities in land dealings by charitable organizations, prompting calls for stricter oversight. With Siddiqui in custody, the full scope of the racket may soon unravel, sending shockwaves through educational circles.
