Dream Homes Turn to Legal Turmoil: ED Seizes ₹100 Crore in Aranya Project Scam
Syed Ali Taher Abedi
Lucknow, September,8,2025- The Directorate of Enforcement (ED), Lucknow Zonal Office, has provisionally attached assets worth approximately Rs 100.06 crore in the Aranya Project being developed by M/s Unnati Fortune Holdings Limited (UFHL). These assets belong to Anil Mithas HUF, the promoter of UFHL, in a case filed under the Prevention of Money Laundering Act (PMLA), 2002.
The probe was launched based on multiple FIRs registered by Uttar Pradesh Police against UFHL, Anil Mithas, Madhu Mithas, and other key company officials for alleged financial irregularities. ED’s investigation revealed that around Rs 126.30 crore collected from homebuyers and investors between 2011 and 2019 was diverted using various money laundering methods such as equity investment, preference shares, bonds, loans, and security deposits to related parties.
This diversion led to non-completion of projects and substantial losses for financial institutions and homebuyers, while promoters and directors benefited illicitly. Anil Mithas was arrested by ED on April 16, 2025, and is currently in judicial custody. Subsequent searches on April 17 seized incriminating documents and digital evidence.
Earlier, in June 2025, ED had attached movable and immovable assets worth Rs 25.94 crore linked to former directors and associated entities of UFHL. So far, movable and immovable assets totalling Rs 126 crore belonging to UFHL and its promoters have been seized. A prosecution complaint has also been filed in the Special Judge, Anti-Corruption Court in Ghaziabad. The investigation is ongoing.
