<h3>Overview</h3> <p>On <strong>April 15, 2026</strong>, the <strong><span class="key-term" data-definition="Enforcement Directorate — India’s law‑enforcement agency under the Ministry of Finance that probes money‑laundering and foreign‑exchange violations (GS3: Economy, GS2: Polity)">Enforcement Directorate (ED)</span></strong> carried out coordinated raids at two major educational hubs in the north‑west: <strong><span class="key-term" data-definition="Lovely Professional University — A large private university in Jalandhar, Punjab, often in the news for regulatory scrutiny (GS1: Geography, GS2: Polity)">Lovely Professional University (LPU)</span></strong> and the <strong>Tetr College of Business</strong> and <strong>Masters Union College of Business</strong> in <span class="key-term" data-definition="Gurugram — A fast‑growing corporate city in Haryana, part of the National Capital Region, frequently targeted for financial investigations (GS1: Geography)">Gurugram</span></span>. The action was taken under the <strong><span class="key-term" data-definition="Foreign Exchange Management Act (FEMA) — 1999 legislation that regulates foreign‑exchange transactions to facilitate external trade and curb illegal capital flows (GS3: Economy)">Foreign Exchange Management Act (FEMA)</span></strong>, covering ten locations across the two cities.</p> <h3>Key Developments</h3> <ul> <li>Raids were conducted simultaneously at <span class="key-term" data-definition="Jalandhar — A city in Punjab known for its educational institutions, including LPU (GS1: Geography)">Jalandhar</span> and <span class="key-term" data-definition="Gurugram — A fast‑growing corporate city in Haryana, part of the National Capital Region, frequently targeted for financial investigations (GS1: Geography)">Gurugram</span>.</li> <li>Ten separate premises were inspected, indicating a broad sweep of suspected violations.</li> <li>The investigations focus on potential breaches of <span class="key-term" data-definition="Foreign Exchange Management Act (FEMA) — 1999 legislation that regulates foreign‑exchange transactions to facilitate external trade and curb illegal capital flows (GS3: Economy)">FEMA</span> provisions, particularly unauthorized foreign‑currency inflows.</li> <li>Both private universities and business colleges are under scrutiny, highlighting the expanding regulatory net over the education sector.</li> </ul> <h3>Important Facts</h3> <ul> <li><strong>Agency involved:</strong> <span class="key-term" data-definition="Enforcement Directorate — India’s law‑enforcement agency under the Ministry of Finance that probes money‑laundering and foreign‑exchange violations (GS3: Economy, GS2: Polity)">ED</span>.</li> <li><strong>Legal framework:</strong> <span class="key-term" data-definition="Foreign Exchange Management Act (FEMA) — 1999 legislation that regulates foreign‑exchange transactions to facilitate external trade and curb illegal capital flows (GS3: Economy)">FEMA</span>.</li> <li><