Jaiprakash Power Ventures announced that its Non-Executive Chairman, Manoj Gaur, has been arrested by the Enforcement Directorate (ED) under the Prevention of Money Laundering Act (PMLA). The alleged offense is related to Jaypee Infratech Limited and Jaiprakash Associates Limited, and is not directly related to Jaiprakash Power Ventures. The company anticipates no adverse impact on its operations.
Chairman Arrested
Manoj Gaur, Non-Executive Chairman of Jaiprakash Power Ventures, was arrested on November 13, 2025, by the Enforcement Directorate (ED) under provisions of the Prevention of Money Laundering Act (PMLA).
Details of the Alleged Offense
The alleged offense does not pertain directly to Jaiprakash Power Ventures. Instead, it is associated with the following entities:
Jaypee Infratech Limited (JIL): JIL was acquired under IBC, 2016 by Suraksha Realty Limited via a National Company Law Tribunal (NCLT) order dated March 7, 2023.
Jaiprakash Associates Limited (JAL): JAL is currently undergoing a CIRP process under IBC, 2016, and has been managed by a Resolution Professional since June 3, 2024.
Impact on Jaiprakash Power Ventures
The company states that the arrest is not expected to have any adverse impact on the operations or working of Jaiprakash Power Ventures.
Source: BSE
