Jaypee Money Laundering Case: Former Chairman of Jaypee Group, Manoj Gaur was arrested by the Enforcement Directorate (ED) in Delhi on 13 November 2025 in a money laundering case. ED has made this arrest under the Prevention of Money Laundering Act (PMLA). Manoj Gaur is the former Executive Chairman and CEO of Jaiprakash Associates Limited (JAL) and also the former CMD of Jaypee Infratech Limited (JIL).
What is the matter?
The ED investigation is based on the FIR lodged by the EOW (Economic Offenses Wing) of Delhi and Uttar Pradesh Police. In these FIRs, thousands of homebuyers had complained that they had paid money to buy flats in projects like Jaypee Wishtown and Jaypee Greens, but the projects were not completed.
The complainants alleged that the company and its promoters defrauded them under criminal conspiracy and wrongly diverted their money for other purposes.
What came to light in the ED investigation?
According to the ED, Jaypee Associates Limited (JAL) and Jaypee Infratech Limited (JIL) extorted approximately Rs. Raised Rs 14,599 crore (based on claims filed in NCLT). A large part of this huge amount was not used in construction work, but Diverted to other companies and trusts of the group.
The institutions to which the money was transferred include —
- JP Seva Sansthan (JSS)
- Jaypee Healthcare Limited (JHL)
- Jaypee Sports International Limited (JSIL)
Most importantly, Manoj Gaur is also the Managing Trustee of Jaypee Seva Sansthan (JSS), And this trust was among those receiving diverted funds.
ED raid and evidence
On 23 May 2025, ED in Delhi, Noida, Ghaziabad and Mumbai Raids were conducted at 15 places. A large amount of financial documents, digital records and evidence related to fund diversion were recovered in these raids. Investigation revealed that Manoj Gaur’s role was central in the planning and decisions of fund diversion. ED says to transfer funds here and there A complex network of companies and trusts was created.
ED has clarified that the investigation is still going on, and more major revelations and arrests are possible in the coming days. This arrest is being considered as the biggest action taken so far in the real estate sector, which can prove to be an important step towards providing justice to thousands of homebuyers.
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