Real Estate
Real estate shock! ED arrests Jaypee Infratech MD Manoj Gaur in mega Rs. 12,000 crore scam
New Delhi/IBNS: The Enforcement Directorate (ED) has arrested realty company Jaypee Infratech Ltd.'s Managing Director Manoj Gaur in connection with a probe into an alleged fraud with home buyers, media reports said.
Gaur has been arrested under the provisions of Prevention of Money Laundering Act (PMLA).
According to a report by NDTV, the businessman is linked to the cheating case of Rs. 12,000 crore.
In May 2025, the ED searched 15 locations linked to the firm and its associated entities across Delhi, Noida, Faridabad and Mumbai.
During those searches, cash of around ₹1.7 crore and extensive documents and records were seized.
The investigations tie into multiple FIRs filed by home-buyers alleging that JIL promised residential units, notably the 'Jaypee Wishtown' project but failed delivery, while funds were allegedly diverted.
JIL’s insolvency and project delays have been significant issues: JIL was admitted into insolvency proceedings in August 2017.
The size of the alleged diversion of Rs. 12,000 crore and the large number of home-buyers impacted make this a major case in India’s real-estate and financial-crime space.
The arrest signals enforcement agencies’ tightening of actions against real-estate-linked money-laundering and misuse of home-buyers’ funds.
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