The directorate of enforcement (ED) on Thursday arrested Manoj Gaur, former executive chairman and chief executive officer (CEO) of Jaiprakash Associates Ltd (JAL) and former chairman and managing director (CMD) of Jaypee Infratech Ltd (JIL), in a money laundering case involving alleged cheating of homebuyers to the tune of around Rs14,599 crore. The arrest was made by the agency’s Delhi zonal office under provisions of the Prevention of Money Laundering Act (PMLA), 2002, following what officials described as 'extensive financial scrutiny and evidence analysis' in connection with the Jaypee Wishtown and Jaypee Greens housing projects. The action comes amid a long-running probe into the Jaypee group’s real estate operations, which have faced widespread allegations of diversion of funds,

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