Overview

• The Enforcement Directorate conducted searches on May 23, 2025, at 15 locations across Delhi, Noida, Ghaziabad, and Mumbai linked to Jaypee Infratech Ltd., Jayprakash Associates Ltd., and associated entities.
• Rs 1.7 crore in cash, financial documents, digital data, and property documents in the names of promoters, their families, and group companies were seized during the raids.
• The investigation stems from FIRs filed by the Economic Offences Wing of Delhi and Uttar Pradesh Police, alleging large-scale fraud and criminal conspiracy involving dishonest inducement of homebuyers and investors.
• Key business associates of Jayprakash Associates Ltd., including Gaursons India Pvt Ltd., Gulshan Homz Pvt Ltd., and Mahagun Real Estate Pvt Ltd., were also targeted in the searches.
• The ED is probing violations under the Prevention of Money Laundering Act, 2002, with further investigation ongoing.