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.
From Chandigarh to Bengaluru and Jammu to Mumbai, investors and entrepreneurs say Rahul Narvekar’s India Network used a promise of startup growth followed by a sudden disappearance, leaving many with mounting losses. The most striking twist: despite allegations and harmed backers, he continues to be invited as a speaker at startup events, including in smaller towns.
Your news, in seconds
Get the Beige app — every story in 60 words, updated hourly. Free on iOS & Android.
Allegations against Indiabulls Housing Finance and its former promoter Sameer Gehlaut—including evergreening of loans, kickbacks, share manipulation and roundtripping—have lingered for years without traction. Now, a fresh Supreme Court communication could revive attention and accelerate the stalled proceedings. The big question: will this latest move finally turn old claims into actionable scrutiny?
Swipe through stories, personalise your feed, and save articles for later — all on the app.
