‘What could be more dishonest?’: Retired Delhi judge scammed of life savings in Noida realty fraud

Retired Justice M L Varma has lost his life savings of around Rs 3 crore in a real estate scheme in Noida, despite the project remaining unbuilt 15 years after he and his brother-in-law invested in it. According to the complaint filed in May 2026, the project was supposed to be completed within 36 months, but the builders have failed to deliver.

The complaint against Aims Sanya Developers Private Limited and its directors alleges criminal conspiracy and criminal intent. The building was to generate high rental returns, but the project has not begun construction or demarcated the land. Varma's son, a senior advocate in the Delhi High Court, believes the builder deceived his father by making false promises.