The action is being undertaken under the Prevention of Money Laundering Act (PMLA).
The case stems from FIRs filed by Noida and Delhi Police on the complaints of some parents, who said in January that the FIITJEE centres suddenly shut, leaving their children in the lurch, the officials said.
The parents said they deposited lakhs of rupees as fee but they got no service or refund, they added.
FIITJEE provides coaching for competitive exams to engineering aspirants and has 73 centres across the country. PTI NES ARI