New Delhi, Nov 13 (PTI) The Enforcement Directorate has arrested Manoj Gaur, MD of realty company Jaypee Infratech Ltd, in a money laundering case probe linked to alleged fraud with home buyers, official sources said on Thursday.

The businessman was taken into custody under the provisions of the Prevention of Money Laundering Act (PMLA), they said.

The investigation against him pertains to a case of alleged cheating of home buyers, the officials said. PTI NES DV DV

Money laundering arrest of Jaypee Infratech MD under PMLA in probe linked to alleged home-buyer fraud. Arrest under PMLA for alleged money laundering arising from a fraud probe involving home buyers. The Enforcement Directorate detained the managing director of a real estate company pursuant to powers under the Prevention of Money Laundering Act, alleging proceeds of crime linked to an underlying cheating of purchasers.