Mr. Manoj Gaur, Govt Chairman, Jaiprakash Associates Ltd. File |Picture Credit score: The Hindu
The Enforcement Directorate (ED) has now provisionally hooked up actual property property value round Rs 100 crore in a case allegedly involving Jaypee Infratech Restricted (JIL), Jaiprakash Associates Restricted (JAL) and related entities.
The company introduced on Tuesday (June 9, 2026) that the properties belong to JC World Hospitality Personal Restricted and Traders Clinic Infratech Personal Restricted. The ED probe in opposition to Jaypee Group relies on a number of circumstances registered by the Financial Crimes Squad of Delhi Police and Uttar Pradesh Police alleging that house consumers in Jaypee Wishtown and Jaypee Greens tasks have been duped.
Based mostly on the claims accepted by the Nationwide Firm Legislation Tribunal, the ED stated JIL and JAL collected round Rs 32,825 crore from homebuyers, a considerable quantity of which was diverted and siphoned off to related entities, together with JC World Hospitality. The proceeds have been additionally stated to have been parked at Traders Clinic Infratech within the type of land.
The company alleges that Manoj Gaur, then managing director of JIL and JAL, performed a central function in planning and executing the diversion of funds by means of a posh community of transactions. Mr. Gaur was arrested on November 13, 2025 and is at the moment in judicial custody.
In January, the ED had provisionally hooked up property value round Rs 400 crore and filed costs in opposition to Mr Gaur.
