NEW DELHI: On Monday, the Enforcement Directorate (ED) submitted its prosecution complaint, akin to a chargesheet, against former Jaypee Infratech MD, Manoj Gaur.
Gaur was arrested on November 13 of the previous year due to a case involving a ₹14,599 crore fraud with homebuyers. He is currently in judicial custody.
The complaint was filed with Principal District and Sessions Judge Anju Bajaj Chandna.
Meanwhile, a sessions court has scheduled Gaur’s bail plea for a hearing on January 17.
The ED has alleged that funds raised from thousands of homebuyers for the completion of residential projects were misused for non-construction purposes, defrauding buyers and leaving their projects unfinished. The agency claims two companies, Jaiprakash Associates Ltd (JAL) and Jaypee Infratech Ltd (JIL), collected over ₹33,000 crore for constructing residential projects like Jaypee Wishtown and Jaypee Greens in Noida and Greater Noida.
The ED’s investigation into the Jaypee Group was initiated based on multiple FIRs filed by the Economic Offences Wings (EOW) of the Delhi and Uttar Pradesh police, following complaints from homebuyers alleging criminal conspiracy, cheating, and breach of trust against the company and its promoters.
