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New Delhi, Nov 13 (PTI) The Enforcement Directorate on Thursday arrested Manoj Gaur, former MD of realty company Jaypee Infratech Ltd, in a money laundering case probe linked to Rs 14,599 crore alleged fraud with home buyers, official sources said.

The businessman was taken into custody under the provisions of the Prevention of Money Laundering Act (PMLA), they said.

The agency has alleged that funds collected from home buyers were diverted to various trusts leaving the projects incomplete and investors cheated.

The ED found that Gaur is the Managing Trustee of Jaypee Sewa Sansthan (JSS), which received part of the diverted funds.

The investigation against him pertains to a case of alleged cheating of home buyers, the officials said.

“The ED initiated investig

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