On November 13, 2025, the Enforcement Directorate arrested Manoj Gaur, former executive chairman and CEO of Jaiprakash Associates Limited (JAL) and former chairman and managing director of Jaypee Infratech Limited (JIL), on charges of money laundering.
The Enforcement Directorate is investigating the Jaypee Group due to several cases initiated by the Economic Offences Wings of Delhi and Uttar Pradesh, resulting from complaints by homebuyers of the Jaypee Wishtown and Jaypee Greens projects. The company and its promoters face accusations of criminal conspiracy, cheating, and criminal breach of trust.
It has been alleged that funds collected from homebuyers for construction were diverted for non-construction purposes, resulting in fraud and incomplete projects.
It is alleged that JAL and JIL collected approximately ₹14,599 crore from homebuyers, with significant portions being diverted for non-construction purposes to related entities and trusts, such as Jaypee Sewa Sansthan, Jaypee Healthcare Limited, and Jaypee Sports International Limited. Mr. Gaur is reportedly the managing trustee of JSS, which received some of these diverted funds.
On May 23, 2025, the Enforcement Directorate (ED) conducted searches at 15 locations across Delhi, Noida, Ghaziabad, and Mumbai, including the offices and premises of JAL and JIL.
The investigation has identified Manoj Gaur as pivotal in planning and executing fund diversion through intricate transactions involving the Jaypee Group and related entities.
