NEW DELHI: In a major escalation of its probe into the alleged diversion of round Rs 14,600 crore collected from hundreds of homebuyers of Jaypee Want City in Noida and different tasks, ED on Thursday arrested Manoj Gaur, former chairman and CEO of Jaiprakash Associates Ltd (JAL) and ex-MD of Jaypee Infratech Ltd (JIL).A particular court docket in Delhi remanded Gaur, one of many largest names in the actual property and infrastructure sector in north India, in 5 days of ED custody.The central company can also be probing the sale of Want City prime business properties alongside the Noida-Higher Noida Expressway by JIL and Suraksha Realty Pvt Ltd – the brand new proprietor of JIL – and diversion of funds. Suraksha has allegedly bought Jaypee Hospital (of Jaypee Healthcare Pvt Ltd) to Max Healthcare for Rs 1,660 crore and didn’t use the cash to complete the development of flats in Want City regardless of the dedication it made for profitable insolvency bid on the Nationwide Firm Regulation Tribunal (NCLT) in 2023.Abhijit Gohil, CEO of Suraksha Realty, didn’t remark when TOI contacted him.“Investigation revealed that out of Rs 14,599 crore collected by JAL and JIL from homebuyers (as per claims admitted by NCLT), substantial quantities have been diverted for non-construction functions and siphoned off to associated group entities and trusts, together with Jaypee Sewa Sansthan (JSS), Jaypee Healthcare Pvt Ltd (JHPL), and Jaypee Sports activities Worldwide Ltd (JSIL). It has additionally been revealed throughout the investigation that Manoj Gaur is the managing trustee of Jaypee Sewa Sansthan (JSS), which obtained a part of the diverted funds,” ED mentioned after Gaur’s arrest on Thursday.