ED Conducts Raids at Kalam Coaching Center in Sikar, Rajasthan

The Enforcement Directorate (ED) raided the premises of Kalam Coaching in Sikar, Rajasthan on Tuesday, August 8, 2023. The raid was conducted in connection with a money laundering investigation.

The ED had received information that Kalam Coaching was involved in illegal financial activities. The coaching institute allegedly received crores of rupees in cash from students and parents. The money was then allegedly used for investments in real estate and other businesses.

The ED conducted searches at the coaching institute's premises in Sikar and Jaipur. The searches were carried out by a team of over 50 ED officials. The officials seized documents and digital evidence during the searches.

The ED is likely to question the owners and employees of Kalam Coaching in connection with the case. The agency is also likely to issue summons to students and parents who paid money to the coaching institute.

The raid on Kalam Coaching is the latest in a series of ED raids on coaching institutes in Rajasthan. In June 2023, the ED raided the premises of a coaching institute in Kota in connection with a money laundering investigation. The ED had also raided the premises of a coaching institute in Jaipur in May 2023.

The ED's raids on coaching institutes in Rajasthan have raised concerns about the financial irregularities in the education sector. The raids have also highlighted the need for stricter regulations in the coaching industry.

The ED is expected to take further action in the Kalam Coaching case after analyzing the evidence seized during the searches. The agency is likely to file a charge sheet against the accused persons if there is enough evidence against them.