Indian agency freezes ₹400 crore in assets over alleged fund diversion from Jaypee homebuyers.

The Enforcement Directorate has attached ₹400 crore in assets linked to Jaiprakash Sewa Sanstha and Page 3 Buildtech in a money-laundering probe tied to the Jaypee group. The investigation, based on FIRs from Delhi and Uttar Pradesh police, alleges that funds from over 25,000 homebuyers for the Jaypee Wishtown and Jaypee Greens projects were diverted to unrelated entities. Manoj Gaur, managing trustee of Jaiprakash Sewa Sanstha and linked to Page 3 Buildtech, is accused of orchestrating the scheme and was arrested in November 2025. Searches at 15 locations in May 2025 uncovered financial and digital records supporting the allegations. The ED continues its probe into the systemic misuse of funds.