ED conducts raids in Rs 12,000 crore Jaypee Infratech fraud case
The Enforcement Directorate on Friday conducted searches at multiple locations as part of a money laundering probe against Jaypee Infratech, Jaypee Associates and some others in a Rs 12,000 crore investment fraud case, official sources said.
The raids are being carried out in Delhi-NCR and Mumbai under the provisions of the Prevention of Money Laundering Act (PMLA), they said.
There was no immediate response from the companies concerned.
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