ED Attaches Rs 400 Crore Assets in Jaypee Group Homebuyers' Fraud Probe
22 hours agoBusiness
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ED Attaches Rs 400 Crore Assets in Jaypee Group Homebuyers' Fraud Probe

The Enforcement Directorate (ED) has provisionally attached immovable assets worth approximately Rs 400 crore belonging to Jaiprakash Sewa Sansthan (JSS) and Page 3 Buildtech Private Limited. This action is part of an ongoing money laundering investigation into alleged large-scale fraud and diversion of homebuyers' funds by Jaypee Infratech Ltd (JIL) and Jaiprakash Associates Ltd (JAL). The ED claims funds collected for projects were diverted for non-construction purposes, leaving homebuyers defrauded. Manoj Gaur, former MD of JIL and managing trustee of JSS, and Honeyy Katiyal, promoter of Investors Clinic and owner of Page 3 Buildtech, are linked to the attached assets.

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