Manoj Gaur, MD, Jaypee Infratech Ltd. Photo: JIIT website
The Enforcement Directorate on Thursday (November 13, 2025) arrested Manoj Gaur, former executive chairman and chief executive officer ofJaiprakash Associates Limited (JAL)and former chairman and managing director of Jaypee Infratech Limited (JIL), on money-laundering charge.
The ED is conducting a probe against Jaypee Group based on multiplecases registered by the Economic Offences Wings (EOW)of Delhi and Uttar Pradesh police, following the complaints filed byhomebuyers of Jaypee Wishtown and Jaypee Greens projects. The accused the company and its promoters of criminal conspiracy, cheating, and criminal breach of trust.
“It has been alleged that the funds collected from thousands of homebuyers for construction and completion of residential projects werediverted for purposes other than construction, leaving the homebuyers defrauded and their projects incomplete,” said the ED.
It alleged that of about₹14,599 crorecollected byJAL and JILfrom homebuyers (as per claims admitted by the National Company Law Tribunal), substantial amounts werediverted for non-construction purposesandsiphoned off to related group entities and trusts, includingJaypee Sewa Sansthan (JSS),Jaypee Healthcare Limited (JHL), andJaypee Sports International Limited (JSIL). Mr. Gauris allegedly themanaging trusteeofJSS, which “received part of the diverted funds”.
Earlier, onMay 23, 2025, the ED had carried out searches at 15 locationsinDelhi, Noida, Ghaziabad, and Mumbai, including the offices and premises of JAL and JIL.
“The investigation has established thecentral role of Manoj Gaurin the planning and execution of the fund diversion through acomplex web of transactionswithin the Jaypee Group and its associated entities,” the agency said.
Published – November 13, 2025 11:02 am IST
