Tag: Manoj Gaur

Latest StoriesRegulatory

ED Files Final Report on Ex-MD of Jaypee Infratech’s Fraud

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,…

Latest StoriesRegulatory

ED seizes ₹400 crore in assets linked to Jaypee Group fraud

NEW DELHI: The Enforcement Directorate (ED) announced on Wednesday that it has attached assets worth ₹400 crore linked to a trust associated with former Jaypee Infratech MD Manoj Gaur, as well as with Honeyy Katiyal, the promoter of leading housing brokerage Investors Clinic. This action, under the Prevention of Money Laundering Act (PMLA), is part of an investigation into Jaypee group companies—Jaypee Infratech Ltd (JIL) and Jaiprakash Associates Ltd (JAL)—involving allegations of large-scale fraud and misappropriation of funds collected from homebuyers of the Jaypee Wishtown and Jaypee Greens projects in Noida. According to the ED, a provisional order has been…

Latest StoriesRegulatory

Delhi Court Grants 14-Day Judicial Custody to Ex-Jaypee MD

NEW DELHI: On Tuesday, a Delhi court ordered former Jaypee Infratech MD Manoj Gaur, who is facing charges in a money laundering case, to be held in judicial custody for 14 days. Previously, on November 13, he had been taken into custody by the Enforcement Directorate (ED) for five days. After completing his interrogation, Gaur appeared before a sessions court, which granted the ED’s request to extend his custody. The ED arrested Gaur amid an investigation into a ₹14,599 crore fraud involving homebuyers. According to the agency, funds raised from thousands of homebuyers for residential project construction were misappropriated, thereby…

Latest StoriesRegulatory

ED Detains Former Jaypee Infratech MD in ₹14,599 Crore Case

NEW DELHI: The Enforcement Directorate has arrested Manoj Gaur, former Managing Director of Jaypee Infratech Ltd., in connection with a money laundering investigation involving an alleged Rs 14,599 crore fraud against home buyers, according to official sources. The businessman was apprehended under the Prevention of Money Laundering Act (PMLA). The agency claims that funds gathered from home buyers were misappropriated to various trusts, resulting in unfinished projects and defrauded investors. The ED’s investigation revealed that Gaur serves as the Managing Trustee of Jaypee Sewa Sansthan (JSS), which benefitted from these diverted funds. The case against him relates to the alleged…

IndustryLatest Stories

Gaurs Group Purchases 12 Acres at Yamuna Expressway

Representative image created by AI NEW DELHI: Gaurs Group has acquired a 12-acre land parcel in Sector 22-D along the Yamuna Expressway to develop a residential project, with an investment of approximately ₹1,400 crore. Manoj Gaur, CMD of Gaurs Group, stated, “The Group has secured possession of the plot and is in the process of obtaining map sanctions and other necessary approvals. The project will go through the RERA registration process after receiving all requisite approvals, and sales will begin once the RERA registration number is obtained.” The upcoming development will feature ultra-luxury high-rise residences, with a projected topline of…