Jaypee Money Laundering Case: Former Chairman of Jaypee Group, Manoj Gaur was arrested by the Enforcement Directorate (ED) in Delhi on 13 November 2025 in a money laundering case. ED has made this arrest under the Prevention of Money Laundering Act (PMLA). Manoj Gaur is the former Executive Chairman and CEO of Jaiprakash Associates Limited (JAL) and also the former CMD of Jaypee Infratech Limited (JIL).

What is the matter?

The ED investigation is based on the FIR lodged by the EOW (Economic Offenses Wing) of Delhi and Uttar Pradesh Police. In these FIRs, thousands of homebuyers had complained that they had paid money to buy flats in projects like Jaypee Wishtown and Jaypee Greens, but the projects were not completed.

The complainants alleged that the company and its promoters defrauded them under criminal conspiracy and wrongly diverted their money for other purposes.

What came to light in the ED investigation?

According to the ED, Jaypee Associates Limited (JAL) and Jaypee Infratech Limited (JIL) extorted approximately Rs. Raised Rs 14,599 crore (based on claims filed in NCLT). A large part of this huge amount was not used in construction work, but Diverted to other companies and trusts of the group.

The institutions to which the money was transferred include —

• JP Seva Sansthan (JSS)
• Jaypee Healthcare Limited (JHL)
• Jaypee Sports International Limited (JSIL)

Most importantly, Manoj Gaur is also the Managing Trustee of Jaypee Seva Sansthan (JSS), And this trust was among those receiving diverted funds.

ED raid and evidence

On 23 May 2025, ED in Delhi, Noida, Ghaziabad and Mumbai Raids were conducted at 15 places. A large amount of financial documents, digital records and evidence related to fund diversion were recovered in these raids. Investigation revealed that Manoj Gaur’s role was central in the planning and decisions of fund diversion. ED says to transfer funds here and there A complex network of companies and trusts was created.

ED has clarified that the investigation is still going on, and more major revelations and arrests are possible in the coming days. This arrest is being considered as the biggest action taken so far in the real estate sector, which can prove to be an important step towards providing justice to thousands of homebuyers.

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Anil Ambani ED investigation: Another action has been taken by the Enforcement Directorate (ED) against Anil Ambani Group. Another arrest has been made in the alleged fake bank guarantee case of Rs 68 crore against Reliance Power of the country’s famous businessman Anil Ambani. A total of three people have been arrested so far.

According to media reports, a person named Amar Nath Dutta has been arrested by ED on Thursday. The impact of this news is visible in the shares of the company. There was a huge fall in the company’s shares on Friday. Shares of Reliance Infrastructure fell by 5 percent on BSE.

ED action

According to information received from media reports, Amar Nath Dutta has been arrested on Thursday under the Prevention of Money Laundering Act. The special court has sent Amar Nath to judicial custody for four days. This is the third arrest by ED in the fake bank guarantee case.

Earlier, the company’s CFO Ashok Kumar Pal and Odisha-based Biswal Tradelink Company’s managing director Partha Sarathi Biswal were also arrested. This bank guarantee is reportedly worth Rs 68.2 crore.

There was a huge decline in the company’s shares

Due to this action of ED, there is a huge fall in the shares of the company. On Friday, November 7, shares of Reliance Infrastructure slipped by 5 percent on BSE. Till the time of writing the news, the company’s shares were trading at Rs 174.85. Which shows a decline of about Rs 9.20 compared to the previous day’s close.

Just a few days ago, the company’s shares had reached their 52-week all-time high of Rs 425. At the same time, shares of Reliance Power have also fallen by 2.53 percent. The company’s shares were trading at Rs 40.04 on BSE. Which is showing a decline of Rs 1.04 compared to the previous day’s close. At the same time, in this matter the company group has said that Anil Ambani has nothing to do with this entire matter.

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