Overview
- The Enforcement Directorate took Manoj Gaur into custody under the Prevention of Money Laundering Act in a probe linked to alleged cheating of homebuyers.
- The investigation focuses on suspected siphoning of funds from projects such as Jaypee Wishtown and Jaypee Greens, leaving thousands without possession.
- Earlier searches at 15 locations across Delhi, Noida, Ghaziabad and Mumbai led to the seizure of about Rs 1.7 crore in cash, financial records, digital data and property papers.
- The probe examines flows between Jaypee Infratech, Jaiprakash Associates and related real-estate firms including Gaursons India, Gulshan Homz and Mahagun Real Estate.
- Jaypee Infratech has been in insolvency since 2017 with a Suraksha Group resolution plan approved in 2024, and ED investigators are continuing forensic fund-tracing and questioning.