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ED Attaches ₹400 Crore in Jaypee Homebuyer Probe as Crackdown Widens

The step caps a week of intensified PMLA enforcement spanning real-estate alongside online-betting cases.

Overview

  • Assets linked to Jaiprakash Sewa Sanstha and Page 3 Buildtech were provisionally attached in the Jaypee Wishtown and Jaypee Greens matter after EOW FIRs alleged diversion of buyer funds.
  • ED says JAL and JIL collected about ₹14,599 crore from over 25,000 buyers, with substantial sums routed to related entities; Manoj Gaur remains in judicial custody and Page 3 Buildtech is identified as controlled by Honey Katiyal.
  • Separately in Gurugram-based Ocean Seven Buildtech, ED attached properties worth ₹51.57 crore—including a hotel, a resort and a villa—citing diverted escrow funds, repeated resales and arbitrary cancellations; promoter Swaraj Singh Yadav was earlier arrested.
  • In the Mahadev Online Book case, ED attached ₹91.82 crore, including ₹74.28 crore in bank balances of Perfect Plan Investment LLC and Exim General Trading–GZCO and ₹17.5 crore in assets linked to Gagan Gupta, detailing laundering through hawala, crypto and FPI routes.
  • ED also filed a supplementary PMLA prosecution complaint in the Sahiti case as Hyderabad police filed a chargesheet, with the agency noting prior attachments of about ₹169.15 crore and ongoing efforts to trace assets and pursue accused abroad.