The Enforcement Directorate has arrested Manoj Gaur, Managing Director of Jaypee Infratech Ltd, in connection with a money laundering case, official sources said on Thursday. The businessman was taken into custody under the Prevention of Money Laundering Act (PMLA), the sources added.

The investigation relates to an alleged fraud involving home buyers. Advertisement

The ED has alleged that Jaypee Associates Ltd, through Manoj Gaur, is involved in a Rs 12,000-crore fraud, including diversion and siphoning of home buyers' funds.

The ED launched an investigation into alleged large-scale fraud linked to the Jaypee Group, focusing on its subsidiaries Jaypee Infratech Ltd. (JIL) and Jaiprakash Associates Ltd. (JAL). Multiple First Information Reports (FIRs), registered in 2017 following prot

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