Faridabad, Haryana – Amid a high-profile Enforcement Directorate (ED) investigation that has caused significant alarm, Al-Falah University in Faridabad has issued a definitive statement to calm the fears of its students and their parents, assuring them that the campus will not be shut down.
The assurance follows extensive ED raids and the freezing of bank accounts linked to the university’s founding trust, actions taken as part of an ongoing money laundering probe. This development had triggered a wave of anxiety among the thousands of students enrolled at the private institution, prompting the management to address the growing concerns head-on.
University Management Vows to Remain Operational
In a statement released this morning, the university administration sought to quell the panic. “We understand the concern and uncertainty that the recent events have caused,” the statement read. “We want to state unequivocally to all our students, their parents, and our dedicated staff: Al-Falah University is, and will remain, operational. Our commitment to providing quality education is unwavering. The academic calendar will proceed as planned, and all classes, examinations, and activities will continue without disruption.”
The management emphasized its full cooperation with the federal agency. “We are a law-abiding institution and have provided all necessary documents and information to the ED. This is a legal process concerning financial matters of the founding trust, and we are confident it will be resolved.”
ED Probe Focuses on Money Laundering Allegations
Sources within the Enforcement Directorate indicate the investigation is serious and being conducted under the stringent Prevention of Money Laundering Act (PMLA). The probe is reportedly examining financial irregularities and the trail of funds used for the acquisition of land and the construction of the sprawling campus.
The freezing of bank accounts is a standard ED procedure in such cases to prevent the movement of funds that may be considered “proceeds of crime.” The core of the investigation lies in suspicions that illicit money may have been funneled into the university’s trust and its projects.
Anxiety Grips Parents and Students on Campus
Despite the university’s assurance, a palpable tension remains among the community. For parents, the news has been deeply unsettling.
“We have invested our life’s savings into our children’s education,” said Anjali Sharma, whose son is a second-year engineering student. “When you hear words like ‘ED’ and ‘money laundering,’ you fear the worst. What if the university closes? What happens to my son’s degree? The university’s message is a relief, but the fear won’t go away until this case is fully resolved.”
Students share this apprehension. While classes are continuing, the atmosphere is heavy with uncertainty. Many worry about the potential stigma that could attach to their degrees if the serious allegations against the university’s trust are proven true.
As it stands, Al-Falah University is focused on projecting stability while navigating a major federal investigation. The coming weeks will be crucial in determining the impact of the ED probe and the university’s ability to safeguard the future of its students.
