Hamood Siddiqui Also Booked for Fraud in Bhopal; Accused of Duping People with ‘Money-Doubling’ Scheme

Bhopal: Fresh revelations have emerged in the Al-Falah University money-laundering case. Hamood Siddiqui, brother of university owner Jawad Ahmed Siddiqui—currently in ED custody—has been found involved in an old fraud case registered in Bhopal in 1999. The accused has a ₹5,000 reward declared against him and has been absconding for more than two decades.

Lured People with ‘Double Your Money’ Offer

According to Shahjahanabad police, the case was filed after complainants reported that Hamood and his associates promised to double their money within a short period. After collecting large sums, the accused disappeared.
The court later issued a permanent arrest warrant, but Hamood managed to evade police for nearly 25 years.

Police officials say that further procedural action will be taken as per court directions.

Al-Falah University Already Under Investigation

The renewed attention comes at a time when Al-Falah University is under multiple probes. Investigators recently found links between the university and the prime accused in the Delhi blast case, prompting several agencies to widen their inquiry.
It has also been revealed that both Siddiqui brothers were named in another cheating case registered at Taliya police station in 2001. Police have begun re-examining old case files for additional details.

Arrested from Hyderabad

Hamood Siddiqui was arrested earlier this week from Hyderabad by Indore Police in connection with the Mhow investment scam. He had allegedly set up a fake private bank and collected deposits from hundreds of residents, promising to double their money.
When the fraud came to light, he fled with his family and managed to stay underground for nearly 25 years. He was finally traced in Hyderabad, where he had been living and working under a different identity.
His brother, Jawad, had already been arrested by the Enforcement Directorate in a money-laundering case linked to the same network.

Case Registered in 1999 in Bhopal

ACP Anil Bajpai of Shahjahanabad confirmed that an FIR was filed against Hamood in 1999, followed by a chargesheet in 2000.
A permanent warrant and a ₹5,000 reward are still in force. “He is wanted in the case, and Shahjahanabad Police will formally arrest him,” Bajpai said.

25-Year-Old Case Unrelated to Current Probe

Bhopal Police Commissioner Harinarayanchari Mishra clarified that the 1999 cheating case has no direct connection to the recent ED case or the Delhi blast investigation.
“It is a purely fraud-related case from 25 years ago. Hamood is currently in jail,” the commissioner said.