ED Attaches Assets Worth Rs 426 Crore at Azam Khan's Jauhar University

The Enforcement Directorate (ED) has initiated asset attachment proceedings against Jauhar University in Rampur, seizing properties collectively valued at Rs 426.46 crore under the Prevention of Money Laundering Act (PMLA). The action targets holdings linked to former Uttar Pradesh minister Azam Khan and entities associated with the Jauhar Trust.

According to ED officials, the market valuation of the attached properties stands at approximately Rs 1,170 crore based on current assessments. The attachment represents a significant step in the agency's ongoing investigation into alleged financial irregularities connected to the university and its management.

Jauhar University, established in Rampur in Uttar Pradesh, has been at the center of scrutiny in recent years. The ED's action follows previous investigations into the institution's financial dealings and the conduct of its associates.

The attachment of assets under PMLA is typically undertaken during investigations into allegations of money laundering and proceeds of crime. The move freezes the designated properties from being transferred or encumbered without the ED's permission during the investigation process.

No further details regarding the specific grounds for the attachment or the ongoing investigation have been disclosed by authorities at this stage.