The allegations against Khan are rooted in claims of financial mismanagement and alleged irregularities in property dealings under his leadership. Authorities have accused him of manipulating board resources and sidestepping required protocols in the appointment of board employees, leading to significant financial discrepancies. The Delhi Anti-Corruption Branch (ACB) first highlighted these alleged malpractices, claiming that Khan’s administration allocated Waqf properties in violation of established procedures. Additionally, an FIR filed by the CBI suggested that these appointments and deals resulted in severe financial losses to the government.
The ED’s investigation, building on these accusations, specifically accused Khan of channeling unlawfully obtained funds into real estate investments. According to the ED, these transactions—allegedly worth over Rs 36 crore—were linked to properties in Delhi’s Okhla area. The ED's supplementary chargesheet, filed in late October, added new dimensions to the case, suggesting a broader network of financial irregularities involving not only Khan but also other individuals, including a co-accused named Mariam Siddiqui. However, Siddiqui has not been taken into custody, and further details regarding her involvement are expected as the case progresses.