The Delhi zonal office of directorate of enforcement (ED) has provisionally attached immovable assets with a current market value of about ₹400 crore in connection with an ongoing money laundering investigation into the Jaypee group, according to an official release.
The attached properties belong to Jaiprakash Sewa Sanstha (JSS) and Page 3 Buildtech Pvt Ltd. The action has been taken under the provisions of the Prevention of Money Laundering Act (PMLA), 2002, as part of a wider probe into alleged large-scale fraud and misappropriation of funds collected from homebuyers for the Jaypee Wishtown and Jaypee Greens projects.
ED says the investigation relates to Jaypee Infratech Ltd (JIL), Jayprakash Associates Ltd (JAL), and other associated entities. The case stems from multiple first information reports (FIRs) registered by the economic offences wings (EOW) of Delhi and Uttar Pradesh police following complaints by home-buyers, who accused the company and its promoters of criminal conspiracy, cheating and criminal breach of trust.
According to the agency, thousands of home-buyers had invested in the Jaypee Wishtown and Jaypee Greens projects with the expectation that the funds would be used for construction and timely completion of their homes. Instead, it is alleged that large portions of these funds were diverted for purposes unrelated to construction, leaving projects incomplete and buyers financially distressed.
ED’s investigation has revealed that JAL and JIL collected around ₹14,599 crore from more than 25,000 home-buyers, as per claims admitted by the national company law tribunal (NCLT). The agency claims that a substantial part of this amount was siphoned off to other group entities, including JSS, Jaypee Healthcare Ltd (JHL) and Jaypee Sports International Ltd (JSIL).
The agency further stated that Manoj Gaur, a key promoter of the Jaypee group, is the managing trustee of Jaypee Sewa Sansthan, which allegedly received a portion of the diverted funds. The investigation has also established, according to ED, that assets of JIL and JAL were diverted to other entities, including Page 3 Buildtech. The company is said to be controlled and beneficially owned by Honey Katiyal.
As part of the probe, ED had earlier conducted search operations on 23 May 2025 at 15 locations across Delhi, Noida, Ghaziabad, and Mumbai, including offices and premises linked to Jayprakash Associates and Jaypee Infratech. During these searches, the agency seized a large volume of financial and digital records, along with documents that it claims point to money laundering and systematic diversion of funds.
ED has alleged that Manoj Gaur played a central role in planning and executing the diversion of homebuyers’ money through a complex network of interlinked transactions within the Jaypee group and its associated entities. Mr Gaur was arrested on 13 November 2025 under Section 19 of the PMLA after following due legal procedure. He is currently in judicial custody.
Further investigation in the case is ongoing, ED says.
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