New Delhi [India], January 7 (ANI): The Enforcement Directorate (ED) on Wednesday stated it has hooked up immovable property with a present market worth of Rs 400 crore belonging to Jaiprakash Sewa Sanstha and Page 3 Buildtech Private Limited in reference to an ongoing money-laundering investigation into the Jaypee group.
The company stated the attachment kinds a part of a money-laundering investigation involving Jaypee Infratech Ltd (JIL), Jayprakash Associates Ltd (JAL), and related entities, associated to large-scale fraud and misappropriation of funds collected from homebuyers for the Jaypee Wishtown and Jaypee Greens Projects.
ED stated it initiated investigation in opposition to Jaypee group on the idea of a number of First Information Reports (FIRs) registered by the Economic Offences Wings (EOW) of Delhi and Uttar Pradesh Police, based mostly on complaints filed by homebuyers of Jaypee Wishtown and Jaypee Greens initiatives, alleging legal conspiracy, dishonest, and legal breach of belief in opposition to the JIL and JAL and their promoters and administrators together with Manoj Gaur.
‘It has been alleged that the funds collected from 1000’s of homebuyers for building and completion of residential initiatives have been diverted for functions aside from building, leaving the homebuyers defrauded and their initiatives incomplete ‘, stated the ED.
ED investigation revealed that out of roughly Rs 14,599 crore collected by JAL and JIL from greater than 25,000 homebuyers (as per claims admitted by NCLT), substantial quantities have been diverted for non-construction functions and siphoned off to associated group entities, together with Jaypee Sewa Sansthan (JSS), Jaypee Healthcare Ltd (JHL), and Jaypee Sports International Ltd (JSIL).
‘It has additionally been revealed through the investigation that Manoj Gaur is the Managing Trustee of Jaypee Sewa Sansthan (JSS), which obtained a part of the diverted funds,’ stated the ED.
‘Further, investigation has additionally established diversion of property of JIL and JAL by Manoj Gaur to different entities, together with Page 3 Buildtech Private Limited, which is managed and beneficially owned by Honey Katiyal.’
Earlier, on May 23, 2025, the ED performed searches at 15 places throughout Delhi, Noida, Ghaziabad, and Mumbai, together with the places of work and premises of Jaiprakash Associates Ltd and Jaypee Infratech Ltd.
During the searches, the ED seized a big quantity of economic and digital information, together with paperwork evidencing offences of cash laundering and the diversion of funds.
ED stated its investigation has established the central position of Manoj Gaur within the planning and execution of the fund diversion by way of a posh internet of transactions inside the Jaypee Group and its related entities.
Manoj Gaur was arrested on November 13, 2025, below Section 19 of the PMLA, 2002, after following due authorized process. He is presently in judicial custody. (ANI)