The Madhya Pradesh police have arrested Hamood Ahmed Siddiqui, brother of Al Falah University chairman Javed Siddiqui, in connection with a large-scale financial fraud in Mhow that dates back 25 years. The arrest took place in Hyderabad on Sunday, officials said.
According to Mhow Sub-Divisional Officer Lalit Singh Sikarwar, Hamood had allegedly set up a bogus private bank in Mhow in the late 1990s, promising residents that their deposits would be doubled. He disappeared in 2000 with his family after the scam came to light, remaining absconding for over two decades.
The arrest followed a review of family records connected to Javed Siddiqui, which revealed Hamood’s status as a long-pending absconder in the cheating case. Sources said he had been living in Hyderabad, working in share trading while maintaining a low profile. Investigators are now tracing his contacts and movements over the years to identify anyone who may have assisted him while he was underground.
This development comes amid the ongoing investigation into the Delhi blast near the Red Fort, which claimed 13 lives and injured several others. Notably, Dr. Umar Un Nabi, a prime accused in the blast case, was a student of Al Falah University. Delhi Police have issued summons to Javed Siddiqui, seeking clarification on several inconsistencies related to the university’s operations and activities of associated individuals.
Police sources said the inquiry into Hamood Siddiqui’s financial fraud and the university’s records forms part of a broader investigation connecting financial irregularities, institutional oversight, and individuals potentially linked to the blast case.
