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.