Uttar Pradesh Cracks Down on Ansal API Over Alleged Fraud

Chief Minister Yogi Adityanath orders FIRs statewide, warns of asset seizures if homebuyers are not compensated.

Uttar Pradesh police have registered multiple FIRs against real estate developer Ansal API and its leaders for allegedly duping homebuyers across the state.
The Lucknow Development Authority (LDA) is investigating irregularities in Ansal API's Sushant Golf City project, including illegal sales of mortgaged land and unauthorized construction.
Chief Minister Yogi Adityanath has directed officials to ensure justice for affected investors and warned that the group's assets will be confiscated if refunds are not issued.
Over 6,500 investors reportedly remain without possession of promised properties, with some waiting over a decade for resolution.
Ansal API has filed for bankruptcy in the National Company Law Tribunal, while the state government prepares a legal challenge to protect homebuyers' interests.