Indian authorities raid companies over alleged homebuyers' fraud, seizing cash and documents.

The Enforcement Directorate (ED) in India conducted raids against Jaypee Infratech Ltd, Jaiprakash Associates Ltd, and related entities in Delhi, Noida, Ghaziabad, and Mumbai on May 23, under the Prevention of Money Laundering Act. The raids targeted an alleged homebuyers' fraud case, resulting in the seizure of Rs 1.70 crore in cash and documents related to immovable assets. The investigation stems from FIRs alleging large-scale fraud and criminal conspiracy by these companies and their directors against homebuyers and investors.