Jaiprakash Power Ventures chairman arrested in money laundering probe

Jaiprakash Power Ventures Limited (JPVL) announced on November 13, 2025, that its non-executive chairman, Shri Manoj Gaur, has been arrested by the Enforcement Directorate (ED) under provisions of the Prevention of Money Laundering Act (PMLA), 2002. The company clarified that the alleged offense does not pertain to JPVL itself.

The matter relates to Jaypee Infratech Limited (JIL), acquired by Suraksha Realty Limited in March 2023, and Jaiprakash Associates Limited (JAL), which is undergoing a Corporate Insolvency Resolution Process (CIRP) since June 2024.

JPVL stated that this event is not expected to have any adverse impact on the company's working, as the alleged offense is not related to Jaiprakash Power Ventures Limited.