The Enforcement Directorate has arrested former Jaypee Infratech MD Manoj Gaur in connection with a Rs 14,599 crore money laundering case. The agency alleged that funds collected from thousands of home buyers were diverted to group trusts, leaving projects incomplete

New Delhi: The Enforcement Directorate on Thursday arrested Manoj Gaur, former MD of realty company Jaypee Infratech Ltd, in a money laundering case probe linked to Rs 14,599 crore alleged fraud with home buyers, official sources said.

The businessman was taken into custody under the provisions of the Prevention of Money Laundering Act (PMLA), they said. The agency has alleged that funds collected from home buyers were diverted to various trusts, leaving the projects incomplete and investors cheated.

The ED found that Gaur

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