The Enforcement Directorate (ED) conducted extensive searches on Friday in a Prevention of Money Laundering Act (PMLA) case linked to Jaypee Infratech, Jaypee Associates Limited, and other associated entities. The investigation centers around allegations of fraud involving homebuyers and investors to the tune of approximately Rs 12,000 crore, along with the siphoning and diversion of funds.

Search operations are underway at 15 locations across the Delhi NCR and Mumbai regions. The premises include offices and properties related to Jaypee Associates and its affiliate companies, such as Gaursons, Gulshan, Mahagun, and Suraksha Realty.