ED raids across Delhi, Noida, and Mumbai led to the seizure of cash, property papers, and digital records linked to Jaypee promoters. Thousands of homebuyers still await possession of flats promised over a decade ago, as Jaypee’s insolvency and legal woes continue.
BY PC Bureau
The Enforcement Directorate (ED) has arrested Manoj Gaur, Managing Director of Jaypee Infratech Ltd (JIL), in a ₹12,000-crore money laundering case linked to alleged fund diversion from homebuyers, officials said on Thursday.
Gaur was taken into custody under the Prevention of Money Laundering Act (PMLA) for his alleged role in siphoning off money collected for housing projects. The probe centres on the misuse of funds by Jaypee Infratech Ltd and its parent company Jaiprakash Associates Ltd (JAL), part of the Jaypee Group conglomerate.
According to the ED, the case stems from multiple FIRs filed in 2017, after thousands of homebuyers accused the company of cheating and criminal conspiracy. Funds raised for high-profile projects such as Jaypee Wishtown and Jaypee Greens were allegedly diverted to other ventures, leaving investors without possession of their homes for over a decade.
READ: DNA Confirms Red Fort Bomber as Kashmiri Doctor Umar Nabi
READ:Centre Adopting ‘Divide and Destroy’ Policy in Manipur: UNLF
Investigators said Gaur, as the company’s top executive, was directly involved in key financial decisions and that evidence indicates large-scale diversion of funds to other Jaypee Group entities.
As part of its ongoing probe, the ED conducted searches at 15 locations across Delhi, Noida, Ghaziabad, and Mumbai, seizing ₹1.7 crore in cash, property papers, digital records, and other financial documents linked to the group’s promoters and associates.
The investigation also covered real estate firms believed to have had financial links with Jaypee, including
🚨 ED Busts Jaypee Infratech Boss Manoj Gaur in Huge ₹12,000 Cr Scam!
Arrested for laundering money and cheating homebuyers out of their cash.
Funds got diverted, homes delayed for years.
Thousands hit hard—justice coming?#EDArrest #JaypeeFraud #HomebuyersScam pic.twitter.com/W7XP6Va0e5
— Voice Of Bharat 🇮🇳🌍 (@Kunal_Mechrules) November 13, 2025
Gaursons India Pvt., Gulshan Homz Pvt., and Mahagun Real Estate Pvt.
Jaypee Infratech, once among the NCR’s biggest private developers, has faced years of financial distress and project delays. It entered insolvency proceedings in 2017, after defaulting on payments and failing to hand over thousands of flats. Multiple attempts at a debt resolution through the National Company Law Tribunal (NCLT) have since failed to bring relief to affected homebuyers.
Officials said the ED’s probe aims to uncover the full money trail and determine how funds meant for housing projects were diverted to unrelated group ventures.
