NEW DELHI, Nov 13: The Enforcement Directorate (ED) has arrested Manoj Gaur, Managing Director of Jaypee Infratech Ltd, in connection with an alleged money laundering and homebuyer fraud case, officials confirmed on Thursday.

Gaur was taken into custody under provisions of the Prevention of Money Laundering Act (PMLA) following an ongoing probe into financial irregularities and diversion of funds collected from homebuyers, sources told news agency.

The ED’s investigation stems from complaints that Jaypee Infratech misused funds meant for housing projects, leaving thousands of homebuyers waiting for possession despite years of payments. The agency is also probing possible fund siphoning patterns within the broader Jaypee Group, officials added.

The arrest marks a major escalation in the

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