New Delhi [India] February 19 (ANI): Former Chairman and Managing Director (MD) of Jaypee Infratech Ltd Manoj Gaur on Thursday moved the Delhi High Court for normal bail plea in a cash laundering case.
Gaur was arrested in November 13, 2025 and chargesheeted by the Enforcement Directorate (ED) in an alleged cash laundering case amounting to greater than Rs 13000 crores.
This case pertains to the alleged cash laundering of the cash of 25000 dwelling patrons. Gaur is at the moment on interim bail granted on the grounds of his mom’s well being.
Justice Anup Jairam Bhambhani is to listen to the bail plea of Manoj Gaur. His common bail plea was rejected by the Patiala House Court on February 16. Now he has filed a bail plea by advocate Farrukh Khan in Delhi High Court.
Additional Sessions Judge (ASJ) Dhirendra Rana had rejected the bail plea of Manoj Gaur.
ED has opposed the bail plea and argued that it’s a case of alleged cash laundering of Rs. 13000 crores and there are 25000 dwelling purchaser victims.
Patiala House Court on January 24 granted 14 days’ interim bail to Manoj Gaur on the well being situation of previous age mom. The order was challenged earlier than the High Court.
Counsel for accsued had acknowledged on the bail plea that Gaur’s detention, considered within the backdrop of aneight-year-old ED case, documentary allegations, absence of private acquire, 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 cash laundering case associated to the cash of Home Buyers. Accused individuals collected Rs. 13000 crores however not use the identical to present lodging to dwelling patrons.
ED had mentioned that it arrested Manoj Gaur, former Executive Chairman and Chief Executive Officer of M/s Jaiprakash Associates Ltd. (JAL) and former Chairman and Managing Director of M/s Jaypee Infratech Ltd. (JIL), underneath Section 19 of the Prevention of Money Laundering Act (PMLA), 2002.
The arrest passed off following an in depth investigation and evaluation of evidences gathered throughout the ongoing probe in an ECIR recorded by the ED underneath PMLA in reference to the Jaypee Group, the company mentioned.
It was additionally mentioned that the ED initiated investigation towards Jaypee group on the idea 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 tasks, alleging prison conspiracy, dishonest, and prison breach of belief towards the corporate and its promoters.
It is alleged that the funds collected from 1000’s of homebuyers for development and completion of residential tasks had been diverted for functions apart from development, leaving the homebuyers defrauded and their tasks incomplete, the company added.
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 had been diverted for non-construction functions and siphoned off to associated group entities and trusts, together with Jaypee Sewa Sansthan (JSS), M/s Jaypee Healthcare Ltd. (JHL), and M/s Jaypee Sports International Ltd. (JSIL), the ED mentioned.
It is revealed throughout the investigation that Manoj Gaur is the Managing Trustee of Jaypee Sewa Sansthan (JSS), which acquired a part of the diverted funds, the company claimed.
Earlier, on 23 May 2025, the ED had performed search operations at 15 places in Delhi, Noida, Ghaziabad, and Mumbai, together with the places of work and premises of M/s Jaiprakash Associates Ltd. and M/s Jaypee Infratech Ltd. During the searches, ED seized a big quantity of monetary and digital information, together with paperwork evidencing the offence of cash laundering and diversion of funds, ED mentioned.
The company has alleged that the investigation has established the central function of Manoj Gaur within the planning and execution of the fund diversion by a posh net of transactions inside the Jaypee Group and its related entities. (ANI)