Overview
- Patiala House Court remanded Gaur after his five days in ED custody following his November 13 arrest under the PMLA.
- ED says the case stems from EOW FIRs filed by Jaypee Wishtown and Jaypee Greens homebuyers in Delhi and Uttar Pradesh.
- The agency alleges funds meant for construction were siphoned to related entities and trusts, including JSS, JHL and JSIL.
- Investigators note Gaur’s role as managing trustee of Jaypee Sewa Sansthan, which they say received part of the diverted money.
- Defence counsel challenged the arrest as delayed and unlawful, citing a 2018 ECIR and prior cooperation, while ED maintains the probe to trace fund flows and other roles continues.