New Delhi, May 12 -- The Economic Offences Wing (EOW) of the Delhi Police has arrested Anil Mithas (52), a prominent real estate developer and resident of Noida, Uttar Pradesh, for his alleged involvement in a massive financial fraud involving the diversion of bank loans worth hundreds of crores of rupees.

Mithas, the majority shareholder and Director of the Unnati Group, was taken into custody on May 8, 2025, following a detailed investigation that uncovered large-scale misappropriation of funds sanctioned by ICICI Bank. The loans--Rs 100 crore for the Aranya Project in Noida and Rs 65 crore for Project Alder Grove and Uniworld Resorts in Gurgaon--were reportedly sanctioned between 2016 and 2017 to M/s Unnati Fortune Holding Limited (UF...