LUCKNOW: The Directorate of Enforcement (ED), Lucknow Zonal Office, has filed a Supplementary Prosecution Complaint under Sections 44 and 45 read with Sections 3, 4 and 70 of the Prevention of Money Laundering Act (PMLA), 2002 before the Court of the Special Judge, Anti-Corruption, CBI, Ghaziabad against real estate company M/s Unnati Fortune Holdings Limited (UFHL) and its promoters and directors.
The money laundering investigation was initiated by the ED on the basis of multiple FIRs registered by the Uttar Pradesh Police under various sections of the Indian Penal Code, 1860 against UFHL, its main promoter Anil Mithas, Madhu Mithas, and other key officials of the company.
According to the ED, its probe revealed that Anil Mithas, the main promoter and key decision-maker of UFHL, allegedly diverted approximately ₹126 crore during the period between 2011 and 2019. The diversion was carried out through various “colourful devices” of money laundering, including routing funds in the form of equity investments, preference shares, debentures and bonds, loans and advances, and security deposits to related parties. These funds were allegedly siphoned off from multiple bank accounts of UFHL, where money had been collected from homebuyers and investors for real estate projects.
The agency stated that the large-scale diversion and siphoning of funds was detrimental to the completion of housing projects undertaken by UFHL, resulting in stalled and incomplete projects. The alleged misappropriation caused substantial financial losses to homebuyers, investors and financial institutions, while generating wrongful gains for the promoters and directors of the company.
Anil Mithas was arrested by the ED on April 16, 2025, and is currently lodged in judicial custody. Following his arrest, the ED conducted searches at multiple premises linked to UFHL and its promoters on April 17, 2025. These searches led to the seizure of incriminating documents and digital evidence relevant to the money laundering investigation.
The ED further informed that, till date, movable and immovable assets worth approximately Rs 126 crore belonging to UFHL, its promoters and associate entities have been provisionally attached under the provisions of the PMLA.
Earlier, the ED had filed its first Prosecution Complaint on June 13, 2025 before the Special Judge, Anti-Corruption, CBI, Ghaziabad against UFHL and its promoter Anil Mithas. The said complaint was taken cognizance of by the court on August 18, 2025.
The newly filed supplementary complaint is aimed at placing additional evidence and further details of the alleged proceeds of crime and money laundering activities before the court.
Further investigation in the case is stated to be ongoing.
When not covering crime, he reads fiction, roams around the dark ...
Read MoreWhen not covering crime, he reads fiction, roams around the dark alleys of the city in the dead of night. An MA (English Litt) from University of Lucknow, Pathikrit loves to speak French, well at least a smattering of it. He did his graduation in French language. A recipient of the Road Safety Fellowship of the United Nations, Pathikrit drives cautiously and advises others to do that too.
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