JP Infrastructure Limited: ED has arrested Manoj Gaur, MD of M/s Jaypee Infrastructure Limited, in a money laundering case related to alleged fraud and misappropriation of money of home buyers.
ED is continuously tightening its grip on Jaypee Group. Now in this sequence the managing director of the company has been arrested.
The Enforcement Directorate has arrested Manoj Gaur, Managing Director of Jaypee Infratech Limited, in a case of alleged cheating with home buyers: Officials
— ANI (@ANI) November 13, 2025
What is the allegation?
In fact, ED alleges that many other real estate companies like Jaypee Infratech, Jaypee Associates Limited have not taken the money of home buyers and investors and given them flats, rather the money received from them was diverted to other projects. Home buyers have suffered losses due to this. Other companies include Gaursons, Gulshan, Mahagun, and Suraksha Realty. In this connection, recently the ED team had reached total 12 locations in Delhi-NCR and Mumbai to raid. An ED team had also reached the marketing office of Jaypee Builder located in Sector 128 of Noida.
company going through bankruptcy
The company which was started by Jaiprakash Gaur 44 years ago in 1981 was going through bankruptcy today. The news also came out that Adani Group company Adani Enterprises Limited can buy this company. Adani Enterprises, among many other companies in the race to buy JAL, has made the highest bid. Actually, a buyer is being searched for JAL and an auction was also organized for it, in which Adani Enterprises has made the highest bid. Earlier, Vedanta, a big mining company, was at the forefront of this race by bidding Rs 12,505 crore.
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