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ED Seizes ₹1.7 Cr Cash in Raids on Jaypee Infratech & Others

The Enforcement Directorate seized Rs 1.70 crore in cash and property documents during raids conducted at 15 locations across Delhi, Noida, Ghaziabad and Mumbai against Jaypee Infratech Ltd, Jayprakash Associates Ltd and other entities on May 23. The searches were carried out under the Prevention of Money Laundering Act in connection with an alleged homebuyers’ fraud case.The investigation stems from FIRS filed by the Economic Offences Wing of Delhi Police and Uttar Pradesh Police against JAL, JIL, and their promoters and directors for allegedly deceiving homebuyers and investors.s