A Delhi court on Tuesday sent former Jaypee Infratech managing director Manoj Gaur to 14 days’ judicial custody, days after he was arrested in a money laundering case tied to what investigators describe as a massive fraud against homebuyers. Gaur had been in Enforcement Directorate custody since November 13 and was produced before a sessions court upon completion of his interrogation, where the agency sought his judicial remand. Advertisement

The ED arrested Gaur on November 13 in a case linked to a Rs 14,599 crore “fraud” involving thousands of homebuyers. The agency alleged that funds collected for the construction and completion of Jaypee’s residential projects were diverted for other purposes, leaving large swathes of Jaypee Wishtown in Noida and Jaypee Greens in Greater Noida incomp

See Full Page