New Delhi, Jan. 7 -- The Enforcement Directorate (ED) on Wednesday said it has attached immovable assets with a current market value of Rs 400 crore belonging to Jaiprakash Sewa Sanstha and Page 3 Buildtech Private Limited in connection with an ongoing money-laundering investigation into the Jaypee group.

The agency said the attachment forms part of a money-laundering investigation involving Jaypee Infratech Ltd (JIL), Jayprakash Associates Ltd (JAL), and associated entities, related to large-scale fraud and misappropriation of funds collected from homebuyers for the Jaypee Wishtown and Jaypee Greens Projects.

ED said it initiated investigation against Jaypee group on the basis of multiple First Information Reports (FIRs) registered by ...