Overview
- ED’s Lucknow zonal office issued a provisional attachment of assets worth about Rs 100.06 crore linked to The Aranya Project in Noida.
- The latest order takes cumulative attachments in the Unnati Fortune Holdings Limited case to roughly Rs 126 crore, with the investigation continuing.
- ED says about Rs 126.30 crore was diverted between 2011 and 2019 through equity investments, preference shares, debentures or bonds, loans and advances, and security deposits to related parties.
- According to the agency, UFHL raised about Rs 522.90 crore from homebuyers for Aranya during 2012–2019, and project delays left buyers and lenders facing losses.
- Main promoter Anil Mithas was arrested on April 16 and remains in judicial custody; searches were conducted on April 17 and a prosecution complaint was filed on June 13 in a special court in Ghaziabad.