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Office of the Directorate of Enforcement. Image for the intent of practice only. | Photo Credit: File
The Enforcement Directorate (ED) has provisionally attached immovable assets with a existent marketplace worth of astir ₹400 crore successful transportation with a probe involving Jaypee Infratech Limited (JIL), Jayprakash Associates Limited (JAL) and associated entities, implicit the alleged misappropriation of funds collected from homebuyers for the Jaypee Wishtown and Jaypee Greens projects. The bureau said the attached properties beryllium to Jaiprakash Sewa Sanstha and Page 3 Buildtech Private Limited. The ED probe against the Jaypee radical is based connected respective archetypal accusation reports registered by the constabulary successful Delhi and Uttar Pradesh, pursuing complaints filed by homebuyers of the Jaypee Wishtown and Jaypee Greens projects, alleging transgression conspiracy, cheating and transgression breach of spot against JIL and JAL and their promoters and directors, including Manoj Gaur. “It has been alleged that the funds collected from thousands of homebuyers for operation and completion of residential projects were diverted for purposes different than construction, leaving the homebuyers defrauded and their projects incomplete,” the ED said. According to the agency, of astir ₹14,599 crore collected by JAL and JIL from much than 25,000 homebuyers, arsenic per claims admitted by the National Company Law Tribunal, important amounts were diverted for non-construction purposes and siphoned disconnected to related radical entities, including Jaypee Sewa Sansthan (JSS), Jaypee Healthcare Limited (JHL), and Jaypee Sports International Limited (JSIL). As alleged, Mr. Gaur is the managing trustee of JSS, which received portion of the diverted funds. The ED probe has besides allegedly established diversion of assets of JIL and JAL by him to different entities, including Page 3 Buildtech Private Limited, which is “controlled and beneficially owned by Honey Katiyal”. Earlier, connected May 23, 2025, the ED had searched 15 locations successful Delhi, Noida, Ghaziabad, and Mumbai, including the offices and premises of Jaiprakash Associates and Jaypee Infratech. “The probe has established the cardinal relation of Manoj Gaur successful the readying and execution of the money diversion done a analyzable web of transactions wrong the Jaypee radical and its associated entities. Manoj Gaur was arrested connected November 13, 2025, and is presently successful judicial custody,” the bureau added.
Published - January 07, 2026 07:21 p.m. IST
