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The Enforcement Directorate (ED) Delhi Zonal Office has provisionally attached immovable assets valued at around Rs 400 crore under the Prevention of Money Laundering Act (PMLA), 2002, as part of its ongoing money laundering investigation into the Jaypee Group, officials said on Wednesday.

The attached assets include properties owned by Jaiprakash Sewa Sanstha and Page 3 Buildtech Private Limited. The move comes amid a wider investigation into alleged large-scale fraud and misappropriation of funds by Jaypee Infratech Ltd (JIL), Jaiprakash Associates Ltd (JAL), and their affiliated entities. These alleged irregularities are linked to residential projects such as Jaypee Wishtown and Jaypee Greens.

“It has been alleged that the funds collected from thousands of homebuyers for construction and completion of residential projects were diverted for purposes other than construction, leaving the homebuyers defrauded and their projects incomplete,” the ED said, as reported by IANS.

It was uncovered that JAL and JIL have taken around Rs 14,599 crores from more than 25,000 homebuyers, which they have also confessed before the National Company Law Tribunal (NCLT). The authorities claimed that a large part of the money was used for other than the specified construction purposes and this was done to benefit the group companies that included Jaypee Sewa Sansthan (JSS), Jaypee Healthcare Ltd (JHL), and Jaypee Sports International Ltd (JSIL).

Moreover, it was also claimed that the money was mostly used by Manoj Gaur, the Managing Trustee of JSS. The investigation also revealed that the assets of JIL and JAL were moved to other firms, such as M/s Page 3 Buildtech Private Limited, which is said to be controlled by Honey Katiyal.

Also Read: ED granted Manoj Gaur's custody in Jaypee group money laundering case: Sources

Earlier, on November 13, 2025, Manoj Gaur, former executive chairman and CEO of JAL and former chairman and managing director of JIL, was arrested on money-laundering charges under Section 19 of the PMLA, and currently remains in judicial custody.

In May 2025, the investigation agency found and confiscated a huge amount of financial and electronic documents at 15 locations including the workplaces and premises of JAL and JIL in Delhi, Noida, Ghaziabad, and Mumbai, all of which were part of a money laundering and fund allocation scheme.

Also Read: CBI launches probe into 24 projects in Noida, Greater Noida, Yamuna Expressway; Jaypee Sector 128 office raided

The investigation has established Gaur’s central role in planning and executing the alleged diversion of funds through a complex network of intra-group transactions.

“It has been alleged that of the about ₹14,599 crore collected by JAL and JIL from homebuyers (according to claims admitted by the National Company Law Tribunal), substantial amounts were diverted for non-construction purposes and siphoned off to related group entities and trusts, including Jaypee Sewa Sansthan (JSS), Jaypee Healthcare Limited (JHL), and Jaypee Sports International Limited (JSIL). Mr. Gaur is allegedly the managing trustee of JSS, which ‘received part of the diverted funds’,” the ED added.

The probe is ongoing, with further attachments and legal actions expected as the investigation progresses.