₹12,000-Crore Jaypee Infratech Fraud Case: ED Conducts Searches at 15 Locations in Delhi-NCR, Mumbai

Massive Crackdown: ED Raids Multiple Locations in Jaypee Group Fraud Case

Get latest articles and stories on India at LatestLY. In a major development shaking the real estate and financial sectors, the Enforcement Directorate (ED) on Friday launched extensive searches in an alleged fraud of approximately Rs 12,000 crore involving prominent real estate firms, including Jaypee Infratech, Jaypee Associates Limited, and others, officials said. India News | Massive Crackdown: ED Raids Multiple Locations in Jaypee Group Fra…

ED raids against Jaypee Infratech, others in ₹12,000-cr fraud case

The ED has conducted searches at multiple locations as part of a money laundering probe against Jaypee Infratech, Jaypee Associates and others 

₹12,000-crore Jaypee Infratech fraud case: ED conducts searches at 15 locations in Delhi-NCR, Mumbai

The raids have been underway since early Friday at 15 locations across Delhi, the National Capital Region, and Mumbai as part of the money laundering investigation under the PMLA.

Enforcement Directorate Raids Against Jaypee Infratech, Others In Rs 12,000 Crore Fraud Case

The Enforcement Directorate on Friday conducted multiple searches as part of a money laundering probe against Jaypee Infratech, Jaiprakash Associates and some others in a Rs 12,000 crore worth homebuyers 'fraud' case, official sources said.The raids are being carried out in Delhi-NCR and Mumbai under the provisions of the Prevention of Money Laundering Act, they said.The searches are related to Jaypee Infratech, Jaiprakash Associates Limited and…

CBI Probes 24 Real Estate Projects in Noida, Greater Noida in Subvention Scheme

Noida, May 23, 2025: The CBI is investigating 24 real estate projects in Noida, Greater Noida and off the Yamuna Expressway for alleged financial irregularities in a subvention scheme following an April 29 Supreme Court (SC) order. A subvention scheme is a tripartite agreement between the buyer, bank and developer in which the buyer pays 5 per cent-20 per cent of the amount up-front and the bank loans the rest to the developer in EMIs. The devel…

ED Raids Jaypee Group, (Aaj Samaj), New Delhi: The Enforcement Directorate (ED) today launched a massive search in the alleged fraud of about Rs 12,000 crore involving Jaypee Infratech, Jaypee Associates Ltd and other major real estate firms. According to officials, the raids are going on at 15 places in Delhi, National Capital Region and Mumbai since Friday morning. This is part of a money laundering investigation under the Prevention of Money …