Jaypee Scam: ED Seizes ₹100 Crore Properties Linked to JC World Hospitality and Investors Clinic Infratech
Moneylife Digital Team 10 June 2026
The Delhi zonal office of the directorate of enforcement (ED) has provisionally attached immovable assets worth about ₹100 crore linked to two companies as part of its ongoing money laundering investigation into the Jaypee group over the alleged diversion and siphoning of funds collected from thousands of home-buyers.
 
According to the agency, the attached properties belong to JC World Hospitality Pvt Ltd and Investors Clinic Infratech Pvt Ltd. The assets of JC World Hospitality have a current market value of about ₹40 crore, while those linked to Investors Clinic Infratech are valued at around ₹60 crore.
 
The attachment has been carried out under the provisions of the Prevention of Money Laundering Act (PMLA), 2002, and forms part of a wider investigation involving Jaypee Infratech Ltd (JIL), Jaiprakash Associates Ltd (JAL) and other associated entities.
 
ED initiated its investigation based on multiple first information reports (FIRs) registered by the economic offences wings (EOWs) of Delhi police and Uttar Pradesh police following complaints from home-buyers of the Jaypee Wishtown and Jaypee Greens projects.
 
The complaints alleged criminal conspiracy, cheating and criminal breach of trust by the company and its promoters. Home-buyers accused the group of collecting money for residential projects but failing to complete construction within the promised timelines.
 
According to ED, the investigation centres on allegations that funds collected from homebuyers for the construction and completion of housing projects were diverted for purposes unrelated to construction activities, leaving numerous projects incomplete and thousands of buyers without possession of their homes.
 
The agency said its investigation revealed that JAL and JIL collected about ₹32,825 crore from home-buyers, based on claims admitted before the national company law tribunal (NCLT).
 
ED officials alleged that a substantial portion of these funds was diverted for non-construction purposes. The investigation further found that money was allegedly siphoned through a network of related entities, including JC World Hospitality.
 
The agency also claimed that proceeds of crime were parked in the form of land assets in Investors Clinic Infratech.
 
The latest attachment is aimed at securing assets allegedly derived from or connected to the proceeds of crime generated through the diversion of home-buyers' funds.
 
ED stated that its investigation had identified Manoj Gaur, managing director (MD) of Jaypee Infratech and Jaiprakash Associates, as a key figure in the alleged diversion of funds.
 
According to the agency, Mr Gaur played a central role in planning and executing the movement of funds through a complex network of transactions involving various Jaypee group entities and associated companies.
 
Based on these findings, ED arrested Mr Gaur on 13 November 2025 under Section 19 of the PMLA. He is currently in judicial custody.
 
Subsequently, the agency issued a provisional attachment order on 7 January 2026, attaching direct proceeds of crime with a current market value of around ₹400 crore.
 
A day later, on 8 January 2026, ED filed a prosecution complaint before the special PMLA court, naming Mr Gaur as an accused in the case.
 
With the latest attachment of assets worth around ₹100 crore, the total value of properties attached in the case has risen significantly as investigators continue to trace the alleged proceeds of crime.
 
ED said further investigation is underway to identify additional assets and establish the full extent of the alleged diversion and laundering of funds collected from home-buyers.
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