Major ED action: MD of JP Infratech Limited arrested in Rs 12,000 crore money laundering case

New Delhi (The Uttam Hindu): A big news has come out related to Jaypee Group. The Enforcement Directorate (ED) has arrested Manoj Gaur, Managing Director of its company Jaypee Infratech Limited, in a money laundering case. The agency alleges that Jaypee Associates Limited (JAL) committed financial irregularities worth around Rs 12,000 crore through Manoj Gaur, which also included misappropriation of home buyers' funds. According to the ED, this case is related to transactions in which the company is accused of using the money received from investors and buyers of its projects for other purposes, due to which the capital of thousands of home buyers got stuck.

Major ED action: JP Infra MD arrested in Rs 12,000 crore money laundering case: It is worth noting that in May 2025, the Enforcement Directorate raided the premises of Jaypee Infratech, Jaypee Associates, and other companies associated with them under the Prevention of Money Laundering Act (PMLA). According to an ANI report, searches were conducted at approximately 15 locations, including in Delhi and Mumbai.

The ED investigation revealed that the company did not utilize funds deposited for its projects in accordance with the regulations and allegedly transferred funds to other companies. This alleged fraud resulted in significant losses to a large number of investors and homebuyers.