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Jaypee Infratech MD Arrested for Alleged ₹13,000 Crore Homebuyer Funds Misappropriation
13 Nov
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
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.
The central agency has arrested Gaur under the Prevention of Money Laundering Act (PMLA), stating that the charges against him meet all the grounds for his arrest. The ED is now seeking seven days of police custody to investigate the matter further.
