Jaypee Infra MD arrested.
A big news related to Jaypee Group has come out, the Enforcement Directorate (ED) has arrested Manoj Gaur, Managing Director of Jaypee Infratech Ltd. This action has been taken in a big case related to money laundering and misappropriation of money of home buyers. ED alleges that Jaypee Associates Limited (JAL) and its associated companies have committed embezzlement of about Rs 12,000 crore through Manoj Gaur.
Alleged misuse of buyers’ money
ED alleges that Jaypee Infratech Limited diverted and misused the money taken from home buyers in its real estate projects in other projects. The money of many investors is stuck in this fraud and they are still facing losses.
Several FIRs were also registered in 2017, when home buyers protested against the builder and alleged that their money was misused. In the ED investigation, efforts are now being made to clarify how much went wrong in this case and who is responsible. After the arrest of Manoj Gaur, ED’s investigation may intensify further. The agency is now investigating the entire matter through attachment of properties and financial tracking.
A major raid took place in May 2025
This year in May 2025, ED had raided the premises of Jaypee Infratech, Jaypee Associates and their associated companies under the Prevention of Money Laundering Act (PMLA). According to ANI report, during this period, action was taken at about 15 places in Delhi, Mumbai and other major cities.
In this raid conducted on May 23, 2025, the agency had seized important documents, digital devices and bank records. Besides, cash worth Rs 1.70 crore was also seized by ED.