World Trade Flash

Jaypee 'fraud' case: ED attaches assets worth Rs 400 crore

Jaypee 'fraud' case: ED attaches assets worth Rs 400 crore

The Enforcement Directorate has seized assets worth Rs 400 crore linked to a trust of former Jaypee Infratech MD Manoj Gaur and a company of Honeyy Katiyal. This action is part of a probe into a large-scale fraud and fund misappropriation from homebuyers of Jaypee projects in Noida. The agency alleges diverted funds were received by these entities.

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