1 year ago
ED Seizes Cash, Documents in Jaypee Infratech Probe
The Enforcement Directorate is investigating potential fraud by Jaypee Infratech and others.
They searched 15 locations, including offices and premises linked to the companies and their associates, seizing ₹1.70 crore in cash and documents.
The investigation started due to complaints of fraud against homebuyers, with the Economic Offences Wing of Delhi Police and Uttar Pradesh Police involved.
The case involves accusations of misleading homebuyers into investing in projects like Jaypee Wishtown and Jaypee Greens.
The authorities are examining financial records, digital devices and property documents.
Jaypee Infratech is now under Suraksha Realty to finish stalled housing projects.
The Enforcement Directorate seized ₹1.70 crore in cash.
Searches were conducted at 15 locations in multiple cities.
The raids targeted Jaypee Infratech Ltd, Jaiprakash Associates Ltd and other entities.
The investigation concerns alleged fraud against homebuyers.
Financial documents and digital devices were also seized.
- Who
- Enforcement Directorate, Jaypee Infratech Ltd, Jaiprakash Associates Ltd, Gaursons India Pvt Ltd, Gulshan Homz Pvt Ltd, Mahagun Real Estate Pvt Ltd, homebuyers.
- What
- ₹1.70 crore in cash and documents related to immovable assets were seized.
- Where
- 15 premises in Delhi, Noida, Ghaziabad and Mumbai
- When
- May 23, 2025
- Why
- Investigation into alleged fraud and criminal conspiracy, including dishonest inducement of homebuyers and investors, linked to projects like Jaypee Wishtown and Jaypee Greens.
Key facts
- Cash Seized
- ₹1.70 crore
- Locations Raided
- 15
- Raid Locations
- Delhi, Noida, Ghaziabad, Mumbai
- Companies Involved
- Jaypee Infratech Ltd, Jaiprakash Associates Ltd, Gaursons India Pvt Ltd, Gulshan Homz Pvt Ltd, Mahagun Real Estate Pvt Ltd
- Investigation Type
- Money Laundering
- Under
- PMLA
Sources
NCLAT directs NCLT to promptly decide stay on EoI for Jaiprakash Power, Jaypee Fertilisers
Jaiprakash Associates' lenders approve Rs 936 cr cash outflow in June quarter
ED seizes ₹1.70-cr cash, documents in raids against Jaypee Infratech Ltd
ED seizes Rs 1.70 crore cash, documents in raids against Jaypee Infratech Ltd, others
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