The Enforcement Directorate (ED) has apprehended Manoj Gaur, the Managing Director of Jaypee Infratech, in a ₹12,000 crore fraud involving money laundering and financial misappropriation, as per NDTV Profit.
The arrest follows multiple investigations and FIRs linked to fraudulent real estate projects in Northern India.
On November 13, 2025, the ED confirmed the arrest of Manoj Gaur in connection with a large-scale fraud involving Jaypee Infratech Ltd (JIL) and Jaiprakash Associates Ltd (JAL).
The probe is tied to alleged cheating of homebuyers who had invested in residential projects like Jaypee Wish Town and Jaypee Greens but never received possession of their flats, booked as far back as 2010. Homebuyers filed complaints following years of delay, prompting action under the Prevention of Money Laundering Act (PMLA), 2002.
As part of the investigation, ED raided 15 premises across Delhi, Noida, Ghaziabad, and Mumbai. These raids targeted offices of JIL, JAL and affiliated real estate partners such as Gaursons India Pvt., Gulshan Homz Pvt. and Mahagun Real Estate Pvt.
During the operations, officials seized over ₹1.7 crore in cash, extensive financial records, digital data, and property documents under the names of company promoters and their families.
Read More: ED Makes 3rd Arrest in ₹68 Crore Fake Bank Guarantee Case Linked to Reliance Power!
The crackdown stems from FIRs previously registered by the Economic Offences Wings of both the Delhi and Uttar Pradesh police. These allegations of criminal conspiracy, dishonest inducement, and fund diversion involve thousands of homebuyers. Investigations revealed that bookings taken in 2010 and 2011 were not honoured, and funds were allegedly diverted to unrelated projects.
In an earlier development, Mumbai-based Suraksha Group took over Jaypee Infratech through a resolution process, as the entity grappled with increasing defaults and legal challenges.
The arrest of Manoj Gaur signals a significant step in the ₹12,000 crore money laundering and real estate fraud case involving Jaypee Group. With cash seizures and mounting allegations of fund misdirection, authorities are tightening oversight of fraudulent real estate practices. The investigation is ongoing, and further legal developments are expected.
Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Nov 13, 2025, 5:05 PM IST
Team Angel One
We're Live on WhatsApp! Join our channel for market insights & updates
Get the link to download the App
