New Delhi, Jan. 7 -- The Enforcement Directorate (ED), Delhi Zonal Office, today said it has attached immovable assets worth Rs 400 crore belonging to Jaiprakash Sewa Sanstha and Page 3 Buildtech Private Limited.
The agency stated that the attachment is part of an ongoing money laundering investigation involving Jaypee Infratech Ltd (JIL), Jaiprakash Associates Ltd (JAL), and associated entities, concerning large-scale fraud and misappropriation of funds collected from homebuyers for the Jaypee Wishtown and Jaypee Greens projects.
The ED initiated its investigation under the Prevention of Money Laundering Act (PMLA) based on multiple First Information Reports registered by the Economic Offences Wings (EOW) of Delhi and Uttar Pradesh Polic...