New Delhi [India], February 11 (ANI): Delhi’s Patiala House Court on Wednesday reserved order on the common bail plea of businessman Manoj Gaur, former CMD of Jaypee Infratech Ltd Gaur has been arrested and chargesheeted by the Enforcement Directorate (ED) in an alleged cash laundering case of greater than Rs 13000 crore.
This case issues the alleged cash laundering of funds from 25,000 residence consumers. Gaur is on interim bail granted on the grounds of his mom’s well being. He was arrested on November 13.
Additional Sessions Judge (ASJ) Dhirendra Rana reserved after listening to submissions of counsel for the accused Manoj Gaur and particular public prosecutor (SPP) Atul Tripathi for ED.
On February 6, the Delhi High Court on Friday prolonged the interim bail granted to Manoj Gaur, former CMD, Jaypee Infratech Ltd, for 10 days.
He was granted 14 days’ interim bail by the trial courtroom on his mom’s well being floor. The order was challenged by the ED.
While extending the interim bail, the High Court imposed circumstances, together with that Manoj Gaur shall not be concerned in any enterprise transactions, shall not make any banking transactions, and shall additionally not switch or create any third-party proper within the properties.
It was additionally directed that Gaur shall submit his passport to the investigation officer.
Senior advocate Siddharth Luthra and Advocate Dr Farrukh Khan appeared for Manoj Gaur.
ED opposed the bail plea, arguing that it issues alleged cash laundering of Rs 13,000 crore and that there are 25000 sufferer residence consumers.
Patiala House Court on January 24 granted 14 days’ interim bail to Manoj Gaur on the well being situation of previous age mom.
Counsel for accsued had said that Gaur’s detention, considered within the backdrop of an eight-year-old ED case, documentary allegations, absence of private achieve, statutory divestment of management over firms, and critical medical infirmities, is grossly disproportionate and violative of Articles 14 and 21 of the Constitution of India.
ED had submitted that it’s a money-laundering case involving the funds of Home Buyers. Accused individuals collected Rs 13000 crores however didn’t use it to offer lodging to residence consumers.
ED had stated that it arrested Manoj Gaur, former Executive Chairman and Chief Executive Officer of Jaiprakash Associates Ltd. (JAL) and former Chairman and Managing Director of Jaypee Infratech Ltd. (JIL), beneath Section 19 of the Prevention of Money Laundering Act (PMLA), 2002.
The arrest came about following an in depth investigation and evaluation of proof gathered through the ongoing probe in an ECIR recorded by the ED beneath PMLA in reference to the Jaypee Group, the company stated in a launch.
It was additionally stated that the ED initiated an investigation in opposition to the Jaypee group on the premise of a number of FIRs registered by the Economic Offences Wings (EOW) of Delhi and Uttar Pradesh Police, primarily based on complaints filed by homebuyers of Jaypee Wishtown and Jaypee Greens initiatives, alleging felony conspiracy, dishonest, and felony breach of belief in opposition to the corporate and its promoters.
The company alleged that funds collected from hundreds of homebuyers for the development and completion of residential initiatives have been diverted for non-construction functions, leaving the homebuyers defrauded and their initiatives incomplete.
ED investigation revealed that out of roughly Rs 14,599 Crore collected by JAL and JIL from homebuyers (as per claims admitted by NCLT), substantial quantities have been diverted for non-construction functions and siphoned off to associated group entities and trusts, together with Jaypee Sewa Sansthan (JSS), Jaypee Healthcare Ltd (JHL), and Jaypee Sports International Ltd. (JSIL), the ED stated.
The investigation revealed that Manoj Gaur is the Managing Trustee of Jaypee Sewa Sansthan (JSS), which allegedly acquired a part of the diverted funds, the company claimed.
Earlier, on 23 May 2025, the ED had carried out search operations at 15 places in Delhi, Noida, Ghaziabad, and Mumbai, together with the places of work and premises of Jaiprakash Associates Ltd and Jaypee Infratech Ltd. During the searches, ED seized a big quantity of economic and digital data, together with paperwork evidencing the offence of cash laundering and diversion of funds, ED stated.
The company has alleged that the investigation has established the central function of Manoj Gaur within the planning and execution of the fund diversion via a fancy internet of transactions inside the Jaypee Group and its related entities. (ANI)