The Enforcement Directorate (ED) has arrested Manoj Gaur, Managing Director of Jaypee Infratech Ltd, in connection with an alleged ₹12,000-crore money laundering and cheating case involving homebuyers.
Probe was initiated against Gaur after allegations emerged that funds collected from homebuyers were diverted to Jaypee projects, causing significant financial losses to thousands of investors awaiting possession of their flats.
The ED had conducted searches in May 2025 at 15 locations linked to Jaypee Infratech Ltd, Jaiprakash Associates Ltd (JAL), and related entities. During the raids, officials seized ₹1.7 crore in cash, along with financial documents, digital records and property papers belonging to the promoters and their family members.
The searches were carried out in Delhi, Noida, Ghaziabad, and Mumbai under the Prevention of Money Laundering Act.
According to the FIRs, Jaypee Wish Town and Jaypee Greens failed to deliver apartments and plots sold around 2010–11. Protests by homebuyers in 2017 led to multiple FIRs being registered.
JAL, the flagship firm of the crisis-hit Jaypee Group, has interests in construction, cement, power, real estate, and hospitality sectors.
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