Archive · 24 May 2025
ED Probes Jaypee Infratech Fraud; Searches Across Delhi and Mumbai
The Enforcement Directorate (ED) is investigating Jaypee Infratech Ltd (JIL) and Jaypee Associates Ltd (JAL) for a possible Rs 12,000-crore fraud.
They suspect money from homebuyers was misused.
The ED searched 15 locations in Delhi-NCR and Mumbai linked to these companies and others, based on complaints from Jaypee Wish Town homebuyers.
Many people invested savings, expecting homes by 2013-2015, but delivery is still pending.
The ED is looking into alleged siphoning of funds by the former promoters of JIL and JAL.
ED conducted searches on premises in Delhi-NCR and Mumbai.
The searches relate to an alleged Rs 12,000-crore fraud.
The investigation involves Jaypee Infratech Ltd (JIL) and Jaypee Associates Ltd (JAL).
The investigation is based on complaints from homebuyers of Jaypee Wish Town and other projects.
Original delivery deadlines were between 2013 and 2015, but the projects are still pending.
- Who
- Enforcement Directorate (ED), Jaypee Infratech Ltd (JIL), Jaypee Associates Ltd (JAL), and associated entities
- What
- ED conducted searches on premises linked to Jaypee and other firms regarding alleged fraud with homebuyers.
- When
- Searches were conducted on Friday; original delivery deadlines were 2013-2015
- Where
- Delhi-NCR and Mumbai
- Why
- To investigate an alleged fraud involving Rs 12,000 crore of homebuyers' money.
- Investigation Amount
- Rs 12,000 crore
- Entities Searched
- JIL, JAL, Gaursons, Gulshan, Mahagun, Suraksha Realty
- Complaint Origin
- Homebuyers of Jaypee Wish Town and other JIL projects
- Current Owner of JIL
- Suraksha Realty
- Original Delivery Date
- 2013-2015
- Revised Delivery Date (JIL)
- Dec 2028
- ED Action
- Searches Conducted
