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The ED had searched 15 locations in Delhi-NCR and Mumbai in May in connection with the probe.
13 Nov 2025, 10:42 AM IST i 13 Nov 2025, 10:42 AM IST 13 Nov 2025, 10:42 AM IST
(Representative image. Source: Jaypee Infratech website)
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The Enforcement Directorate has arrested Greater Noida builders, Jaypee Infratech’s managing director Manoj Gaur on Thursday in cheating case involving homebuyers, sources told NDTV Profit.
According to sources the arrest was linked to alleged Rs 12,000-crore money-laundering and fraud case.
The ED had searched 15 locations in Delhi-NCR and Mumbai in May in connection with the probe.
The agency has alleged diversion and siphoning of homebuyers’ funds.
The investigation centres on alleged fraud by promoters of Jaypee Wish Town, where flats were sold in 2010–11 but not delivered.
Multiple FIRs were filed in 2017 after homebuyers protested delays and alleged diversion of funds.
(This is a breaking story.)
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