Jaypee collapse turns into ED arrest as homebuyers money alleged siphoned by Manoj Gaur

An expansion empire now faces insolvency and allegations

Jaypee Group’s Manoj Gaur has been arrested by the Enforcement Directorate, accused of allegedly siphoning homebuyers’ money. Once a soaring conglomerate that expanded aggressively and reached dizzying heights in the early 2000s, the company now sits in insolvency. The case highlights how financial missteps can rapidly unravel a large business empire.