Overview
Jaypee Infratech homebuyers fraud refers to allegations of large-scale fund diversion from homebuyer payments by Jaypee Infratech and its parent Jaiprakash Associates Limited, part of the broader Jaypee Group. Over ₹14,599 crore (US$1.5 billion) collected from 25,000+ homebuyers for Jaypee projects in Noida and Greater Noida was allegedly diverted to other group entities instead of construction, causing major delays, incomplete flats, and buyer losses.
From Wikipedia (CC BY-SA 4.0).