Saket Court rejects Jawad Ahmed Siddique's bail plea in a money laundering case linked to Al Falah Trust.
The Enforcement Directorate (ED) has already filed a charge sheet against him, alleging that the Trust generated proceeds of crime worth Rs. 493.24 Crore.
The court noted that Siddique abused his fiduciary duties by using charitable and educational institutions for personal and commercial benefit.
The ED opposed the bail application, citing multiple fraudulent means employed by the accused and the Al-Falah group to lure students and obtain permissions from regulators.
The agency also mentioned that the Delhi Police crime branch has filed a charge sheet against him.
