New Delhi: Amid controversies surrounding the closure of its centers in North India, allegations of financial irregularities and FIRs, leading institute for JEE coaching FIITJEE has said that it has “not closed any centre as part of its own decision”.
In a statement released Saturday, the institute has described the current situation as “temporary” and blamed it on the “overnight desertion” of its centre managing partners and their teams, insisting that this was not the institution’s decision.
The institute is working on resuming operations at affected centers, reaffirming its commitment to students, parents and stakeholders in the statement.
It has denied allegations of financial misconduct, saying that its operations are audited by reputed concurrent and statutory auditors. “FIITJEE’s accounts are 100 percent ethical and in compliance with the laws of the land.”
Two FIRs have been lodged against the FIITJEE management, one in Noida and another in Ghaziabad, which the statement has described as “malicious prosecutions”.
“Our legal team is taking appropriate action against the malicious prosecutions lodged against us.”
The institute highlighted that day-to-day operations of each centre are managed individually by centre managing partners under a profit-sharing model.
“Managing partners have a profit-sharing model besides getting a regular salary… They compelled the corporate management to usurp the entire collections, causing significant losses,” the statement added. “Companies had to yield to their demands in the interests of the students.”
FIITJEE has also said that it continues to remain committed to academic excellence. “Our legacy of producing top results in JEE Main, JEE Advanced, NTSE, and Olympiads over the last 28 years remains unparalleled. Students join FIITJEE for its systems and legacy, not individual teachers.”
Over the past week, at least eight FIITJEE centres have gone nonoperational in cities, such as Noida, Ghaziabad, Delhi’s Laxminagar, Varanasi, Bhopal, Patna, and Gurugram. Hundreds of teachers have alleged that FIITJEE has been deducting and delaying their salaries, which has led to mass resignations and closure of centres.
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