The Directorate of Enforcement (ED) has arrested the former chairman and managing director of Jaypee Infratech, Manoj Gaur, over an alleged money laundering case related to the Jaypee Group. Gaur was arrested on 13 November 2025 based on financial and digital records as well as documents showing offences such as money laundering and diversion of funds.
The arrest was part of ED investigations into the Jaypee Group after first-information reports (FIRs) had been registered by the department’s economic offences wing.
Complainants are homebuyers of Jaypee Group’s projects, including Jaypee Wishtown and Jaypee Greens. They accuse Jaypee Infratech and Jaiprakash Associates and its promoters of alleged criminal conspiracy, cheating and criminal breach of trust. The companies and its promoters collected money from homebuyers for construction and completion of the projects, but the funds were diverted elsewhere, defrauding the homebuyers.
In claims admitted by the National Company Law Tribunal, the companies formerly headed by Gaur collected INR145.9 billion (USD1.64 billion).
A significant portion of the amount collected had been diverted to related entities, including Jaypee Sewa Sansthan, of which Gaur is the managing trustee, Jaypee Healthcare and Jaypee Sports International. Gaur is also the ex-executive chairman and ex-chief executive officer of Jaiprakash Associates, the offices of which was one of the 15 locations the ED targeted in search operations during its investigation.
The investigation so far had established that Gaur played a central role in the diversion of funds. Investigations are ongoing.
