The Enforcement Directorate (ED) has intensified its investigations into alleged financial irregularities involving multiple entities across India. On May 21, 2025, the ED conducted search operations in several cities including Mumbai, Bengaluru, Jalandhar, Indore, Kolkata, and Mohali. These raids targeted firms such as Bajwa Developers Ltd. and Siddhartha Educational Institutions, scrutinizing documents related to alleged money laundering activities. Concurrently, the ED is conducting extensive searches at 15 locations in Delhi-NCR and Mumbai in connection with a Prevention of Money Laundering Act (PMLA) case involving Jaypee Infratech, Jaypee Associates Limited, and others. The case centers on alleged fraud involving approximately Rs 12,000 crore with homebuyers and investors, including accusations of siphoning and diversion of funds. Additionally, the Central Bureau of Investigation (CBI) has raided the Jaypee Group’s office in Noida over a subvention scheme scam affecting 26 projects across Noida, Greater Noida, and the Yamuna Authority, where builders reportedly failed to deliver possession or pay EMIs, leading to bankruptcy declarations for buyers. The ED's ongoing operations reflect a broad probe into financial misconduct affecting real estate and educational sectors.