The Enforcement Directorate (ED) has provisionally attached immovable assets worth ₹100 crore belonging to two companies linked to the Jaypee Infratech money laundering investigation, an official confirmed on Tuesday, 9 June. The action, carried out by the ED's Delhi Zonal Office, targets assets of JC World Hospitality and Investors Clinic Infratech under the Prevention of Money Laundering Act (PMLA), 2002.

Assets Attached and Companies Targeted

According to the official statement, assets valued at ₹40 crore belonging to JC World Hospitality and ₹60 crore belonging to Investors Clinic Infratech have been provisionally attached. The ED said that proceeds of crime in the form of land were found to have been parked in Investors Clinic Infratech, while JC World Hospitality was identified as a recipient of diverted funds originally collected from homebuyers.

Scale of the Alleged Fraud

The ED investigation is part of a broader probe into Jaypee Infratech, Jaiprakash Associates Limited (JAL), and associated entities over alleged large-scale fraud and misappropriation of public funds. According to the agency, out of ₹32,825 crore collected from homebuyers — as per claims admitted by the National Company Law Tribunal (NCLT) — substantial amounts were allegedly diverted for non-construction purposes and siphoned off to related entities. The investigation was initiated on the basis of multiple FIRs registered by the Economic Offences Wings (EOW) of Delhi and Uttar Pradesh Police, following complaints by buyers of Jaypee Wishtown and Jaypee Greens projects alleging criminal conspiracy, cheating, and criminal breach of trust.

Key Arrests and Prior Attachments

Manoj Gaur, Managing Director of Jaypee Infratech and Jaiprakash Associates Limited, was arrested on 13 November 2025 under Section 19 of the PMLA after the ED found him to have played a central role in planning and executing the alleged diversion of funds through a complex web of transactions. He is currently in judicial custody. A Provisional Attachment Order dated 7 January 2026 had earlier attached direct proceeds of crime with a current market value of ₹400 crore. A prosecution complaint was subsequently filed on 8 January 2026 before the Special Court (PMLA), arraigning Gaur as an accused.

Impact on Homebuyers

Thousands of homebuyers who invested in Jaypee Wishtown and Jaypee Greens projects have been left with incomplete homes after funds were allegedly diverted away from construction. The NCLT-admitted claims of ₹32,825 crore reflect the scale of the financial exposure faced by ordinary buyers, many of whom have been awaiting possession for years. This latest attachment signals that the ED is continuing to pursue assets across the broader network of entities allegedly used to park or layer the diverted funds.

What Comes Next

The provisional attachment will be reviewed by the Adjudicating Authority under PMLA, which will determine whether the attachment should be confirmed. With total attached assets now crossing ₹500 crore in this case, the ED's probe into the wider Jaypee Group network is expected to continue.