ED arrests former Jaypee Infratech MD Manoj Gaur

THE ENFORCEMENT DIRECTORATE (ED) on Thursday arrested former managing director of Jaypee Infratech (JIL), Manoj Gaur, under the provisions of Prevention of Money Laundering Act (PMLA) for allegedly cheating home buyers.

- FE BUREAU

The ED initiated investigation against Jaypee Group on the basis of multiple FIRs registered by the Economic Offences Wings (EOW) of Delhi and Uttar Pradesh Police, based on complaints filed by home buyers of Jaypee Wishtown and Jaypee Greens projects, alleging criminal conspiracy, cheating and criminal breach of trust against the company and its promoters.