New Delhi [India], January 7 (ANI): The Enforcement Directorate (ED) on Wednesday announced the attachment of immovable assets valued at Rs 400 crore belonging to Jaiprakash Sewa Sanstha and Page 3 Buildtech Private Limited in connection with an ongoing money-laundering probe into the Jaypee group.
The investigation involves Jaypee Infratech Ltd (JIL), Jayprakash Associates Ltd (JAL), and related entities, focusing on allegations of large-scale fraud and misappropriation of funds collected from homebuyers for the Jaypee Wishtown and Jaypee Greens projects. The ED said multiple FIRs filed by the Economic Offences Wings of Delhi and Uttar Pradesh Police prompted the probe, citing complaints of criminal conspiracy, cheating, and breach of trust against the companies and their directors, including Manoj Gaur.
According to the ED, approximately Rs 14,599 crore collected from over 25,000 homebuyers was allegedly diverted for non-construction purposes and siphoned to related group entities, including Jaypee Sewa Sansthan, Jaypee Healthcare Ltd, and Jaypee Sports International Ltd. Manoj Gaur, the Managing Trustee of Jaypee Sewa Sansthan, is said to have played a central role in diverting funds, with assets also allegedly transferred to Page 3 Buildtech Private Limited, controlled by Honey Katiyal.
Earlier searches conducted on May 23, 2025, across 15 locations in Delhi, Noida, Ghaziabad, and Mumbai led to the seizure of extensive financial and digital records. Manoj Gaur was arrested on November 13, 2025, under Section 19 of the PMLA, 2002, and remains in judicial custody.
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