New Delhi, 13 November (Udaipur Kiran). The Enforcement Directorate (ED) has arrested Manoj Gaur, Managing Director of real estate firm Jaypee Infratech Limited, in connection with a money laundering probe linked to alleged fraud involving homebuyers.
According to official sources, Gaur was taken into custody as part of the investigation under provisions of the Prevention of Money Laundering Act (PMLA). The case pertains to alleged cheating of homebuyers by the company.
In May, the ED had conducted searches at 15 locations associated with Jaypee Infratech Limited, Jaiprakash Associates Limited and related entities. During the raids, the agency seized cash worth over Rs 1.7 crore, along with property documents in the names of promoters, their family members and group companies. Financial records and digital data were also confiscated.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.