Jaypee Group MD arrested again, had defrauded home buyers of Rs 12000 crore

New Delhi. If you enter Delhi-NCR from UP, the first thing you will encounter is the infra projects of Jaypee Group. Seeing this, you will feel that this company has changed the face of the National Capital Region, but from this very success story emerges the talk of corruption. Jaypee Group MD Manoj Gaur is said to be the leader of this corruption and a game of hide and seek is going on with him for the last 8 years. The Enforcement Directorate once again arrested the MD of Jaypee Group on November 13, 2025 i.e. today. Now the question is that what fraud did the head of Jaypee Group, which had made such a successful project, do, the consequences of which he is suffering till today.

The Enforcement Directorate (ED) this morning arrested Manoj Gaur, managing director of Jaypee Group’s infra company Jaypee Infratech Limited. This arrest has been made in a case related to money laundering, which is mainly based on the FIR registered in the year 2017. ED raided 15 locations of companies associated with Jaypee Infra and Jaypee Associates Limited like Gaur Sons, Gulshan Homes, Mahagun Real Estate. In the action, Rs 1.70 crore cash, documents of immovable properties and some digital devices were also seized.

What are the allegations against MD?

• Cheating buyers: MD of Jaypee Group is accused of cheating thousands of home buyers in projects like Jaypee Wishtown, Jaypee Greens of Noida. Jaypee Group collected deposits of about Rs 12 thousand crore from home buyers for these projects and assured them of giving them plots and flats. Home buyers were promised that it would be delivered in 3 years, but even after 10 to 15 years it has not been delivered till date.
• Misappropriation of funds: The MD of Jaypee Group not only cheated home buyers into depositing their money but also misused it a lot. Homebuyers’ money was diverted to other projects and some of the money was also used for personal gains. Through JP Associates Limited, this fund was transferred to other related companies like Gaur Sons, Gulshan Homes, Mahagun. Hence the project for which money was taken from the buyers, got stuck.

What cases are registered against MD?
In their FIR, the Economic Offenses Wing of Delhi Police and UP Police registered a case against Manoj Gaur under sections of cheating (Section 420) and criminal conspiracy (Section 120B). Later, ED also found in the investigation that these fraudulently acquired properties were extensively used in foreign transactions like Thailand and Singapore. In this case, the Enforcement Directorate raided and seized Rs 1.70 crore in cash along with other things. Apart from the complaints of homebuyers against him, bank transactions and company records have also been found as evidence. Currently, a bankruptcy case is going on in NCLT against Jaypee Group.

How did the whole game start?

• Manoj Gaur and other promoters of the group started booking for flats and plots in projects like JP Wishtown, JP Greens and JP Village.
• In the advertisements and brochures issued by the company, delivery within 3 years was promised. Also the lure of easy EMI and low interest was given.
• Thousands of home buyers deposited 20 to 30 percent of the amount as booking amount, which reached about Rs 12 thousand crores.
• Won trust by showing fake documents like approval letter and deposited money continuously. Reduced actual construction and saved most of the money.
• This money of homebuyers was used to build Yamuna Expressway and other projects, due to which the original projects were stuck in limbo.
• ED also found in the investigation that it was clear from the records of the company that the funds were diverted and misused.
• Even after 10-15 years, the projects are incomplete and only 20 to 30 percent work has been done. More funds were taken in the name of lack of money.

How many people have been affected?
About 20 thousand home buyers were affected by this project of Jaypee Group. Their hard-earned money is still stuck in these projects and the possibility of getting it in future is also vanishing. At present, bankruptcy proceedings are going on against the company in NCLT, in which some companies have also expressed their desire to buy it.

What action can be taken now

• Manoj Gaur can be produced in the special court of PMLA, from where an order of maximum 15 days custody or bail can come.
• ED will continue to investigate the transfer of funds, arrest of other accused, foreign transactions like transactions done in Singapore-Thailand.
• Based on whatever is found in the investigation, ED will file a charge sheet and the trial will begin.
  If the allegations against Manoj Gaur are proved then he may also get a long punishment.