Lucknow, Uttar Pradesh | The Enforcement Directorate (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 against Unnati Fortune Holdings Limited (UFHL), its promoters, and directors, officials confirmed on January 29, 2026. The complaint has been filed before the Special Judge (CBI), Anti-Corruption, Ghaziabad.
The investigation was initiated on the basis of multiple First Information Reports registered by the Uttar Pradesh Police under relevant provisions of the Indian Penal Code, 1860, against UFHL and key officials, including Anil Mithas, Madhu Mithas, and other senior management personnel.
According to ED officials, the probe revealed that UFHL’s main promoter and managing director, Anil Mithas, along with other directors of the company, diverted approximately ₹126 crore between 2011 and 2019. The investigation indicates that funds collected from homebuyers and investors were siphoned off through various financial routes, including equity investments, preference shares, debenture bonds, loans, advances, and security deposits to related parties.
The ED stated that the diversion of funds severely impacted UFHL’s real estate projects, leading to stalled construction and non-completion of housing developments. This resulted in substantial financial losses for financial institutions as well as homebuyers, while the promoters and directors allegedly derived unlawful financial benefits.
Earlier, on December 16, 2025, the ED arrested Anil Mithas, who continues to remain in judicial custody. The agency had also conducted search operations on October 17, 2025, at multiple locations, during which incriminating documents and digital devices connected to the alleged fund diversion were seized.
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Officials confirmed that movable and immovable assets worth approximately ₹126 crore belonging to UFHL and its promoters have been attached under PMLA provisions so far. The attachment forms part of the agency’s efforts to secure the proceeds of crime and facilitate recovery.
The present action follows an earlier prosecution complaint filed by the ED on June 13, 2025, against UFHL and Anil Mithas. The Special Judge had taken cognisance of that complaint on August 18, 2025.
Authorities noted that the case reflects increasing regulatory scrutiny of corporate financial misconduct, particularly in the real estate sector, where diversion of investor funds has had widespread consequences for homebuyers and lenders.
The Enforcement Directorate stated that the investigation remains ongoing, with a focus on tracing additional bank accounts, related entities, and assets linked to the alleged laundering of funds. Officials cautioned that concealment or layering of proceeds of crime through complex financial instruments would attract stringent action under the PMLA.
The case underscores the use of anti-money laundering law to address large-scale white-collar crime involving corporate entities and highlights the role of financial enforcement in safeguarding investor interests and market integrity.
