What charges has the Enforcement Directorate (ED) leveled against Jaypee Infratech MD Manoj Gaur?

The ED has arrested Manoj Gaur, the Managing Director of Jaypee Infratech, under the Prevention of Money Laundering Act (PMLA) for allegedly diverting over ₹13,000 crore in homebuyer funds to other Jaypee Group entities and for personal expenditure.

What is the current status of the Jaypee Infratech case?

The Enforcement Directorate has arrested Jaypee Infratech MD Manoj Gaur and is seeking 7 days of police custody to investigate the matter further, as the company is currently undergoing a bidding process.

Home / Business and Economy / Jaypee Infratech MD Arrested for Alleged ₹13,000 Crore Homebuyer Funds Misappropriation

Jaypee Infratech MD Arrested for Alleged ₹13,000 Crore Homebuyer Funds Misappropriation

13 Nov

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Summary

Jaypee Infratech MD Manoj Gaur arrested under Prevention of Money Laundering Act
ED alleges Gaur diverted ₹13,000 crore of homebuyer funds to other group entities
Funds also used for personal expenditure, according to ED

Jaypee Infratech MD Arrested for Alleged ₹13,000 Crore Homebuyer Funds Misappropriation

On November 13, 2025, the Enforcement Directorate (ED) arrested Jaypee Infratech Managing Director Manoj Gaur in a case related to alleged misappropriation of homebuyer funds. The ED told the Patiala House Court in Delhi that Gaur has been named as an accused in all the first information reports (FIRs) filed against the Jaypee Group for money laundering.

According to the ED, Jaypee Infratech had collected over ₹33,000 crore from homebuyers for its real estate projects. However, the agency claims that more than ₹13,000 crore of these funds was not used for the construction of the homes. Instead, the ED alleges that Gaur diverted the money to other entities within the Jaypee Group and also utilized it for personal expenditure.