ED seizes ₹1.7 crore cash, key documents in raids on Jaypee Group

The Enforcement Directorate (ED) has recovered ₹1.70 crore in cash and key financial and property documents during raids on Jaypee Infratech, Jaiprakash Associates, and associates in Delhi-NCR and Mumbai, as part of a ₹12,000-crore money laundering probe. Conducted under the Prevention of Money Laundering Act (PMLA), the searches targeted premises linked to the companies' promoters, directors, and business associates like Gaursons India, Gulshan Homz, and Mahagun Real Estate. The investigation is based on FIRs filed by the Economic Offences Wing of Delhi and UP Police, alleging fraud and conspiracy involving the misappropriation of funds from homebuyers and investors.