New Delhi, June 9: The Enforcement Directorate (ED), Delhi Zonal Office, has provisionally attached immovable assets worth approximately ₹100 crore belonging to M/s JC World Hospitality Pvt Ltd and M/s Investors Clinic Infratech Pvt Ltd under the provisions of the Prevention of Money Laundering Act (PMLA), 2002.
According to the ED, the attached assets include properties belonging to JC World Hospitality Pvt Ltd valued at approximately ₹40 crore and assets of Investors Clinic Infratech Pvt Ltd valued at around ₹60 crore. With the latest action, the total value of assets attached in the case has reached approximately ₹500 crore.
The attachment is part of an ongoing money laundering investigation involving M/s Jaypee Infratech Limited (JIL), M/s Jayprakash Associates Limited (JAL) and their associated entities in connection with alleged large-scale fraud, diversion of funds and misappropriation of public money.
The investigation was initiated on the basis of multiple FIRs registered by the Economic Offences Wing (EOW) of Delhi Police and Uttar Pradesh Police, as well as complaints filed by homebuyers of the Jaypee Wishtown and Jaypee Greens projects. The complainants alleged criminal conspiracy, cheating and criminal breach of trust by the company and its promoters.
According to the ED, funds collected from thousands of homebuyers for the construction and completion of residential projects were allegedly diverted for purposes unrelated to the projects, leaving many homebuyers defrauded and housing projects incomplete.
The agency’s investigation revealed that out of approximately ₹32,825 crore collected by JAL and JIL from homebuyers, as admitted before the National Company Law Tribunal (NCLT), a substantial portion was diverted for non-construction purposes. The funds were allegedly siphoned off to various related entities, including JC World Hospitality Pvt Ltd.
The ED further found that proceeds of crime in the form of land assets were parked in Investors Clinic Infratech Pvt Ltd, leading to the attachment of the company’s immovable properties.
The agency stated that Manoj Gaur, Managing Director of Jaypee Infratech Limited (JIL) and Jayprakash Associates Limited (JAL), played a central role in planning and executing the diversion of funds through a complex network of transactions involving multiple Jaypee Group entities and associated companies.
Based on the findings, Manoj Gaur was arrested by the ED on November 13, 2025, under the provisions of the PMLA and is currently in judicial custody.
Earlier, on January 7, 2026, the ED had issued a Provisional Attachment Order involving direct proceeds of crime valued at approximately ₹400 crore. Subsequently, a prosecution complaint was filed before the Special PMLA Court on January 8, 2026, naming Manoj Gaur as an accused.
The ED said the latest attachment strengthens its efforts to trace, attach and recover assets allegedly acquired through diverted homebuyer funds and public money. The agency added that further investigation into the case is ongoing.
