ED Files Supplementary Complaint in Rs 126 Crore UFHL Case

The Directorate of Enforcement has intensified its probe into a ₹126 crore money laundering case involving a real estate firm by filing a supplementary prosecution complaint. The action underscores the agency’s focus on alleged diversion of homebuyers’ funds and the use of layered financial transactions to generate and conceal proceeds of crime.

Supplementary Complaint Filed Under PMLA

The Directorate of Enforcement (ED), Lucknow Zonal Office, has filed a Supplementary Prosecution Complaint under relevant provisions of the Prevention of Money Laundering Act, 2002. The complaint has been submitted before the Special Judge, Anti-Corruption, CBI, Ghaziabad against Unnati Fortune Holdings Limited (UFHL) and its promoters and directors, including main promoter Anil Mithas.

Alleged Diversion of Homebuyers’ Funds

According to the ED, the investigation began following multiple FIRs registered by the Uttar Pradesh Police under the Indian Penal Code. The agency alleges that between 2011 and 2019, Anil Mithas diverted around ₹126 crore collected from homebuyers and investors for housing projects. The funds were allegedly routed through complex instruments such as equity investments, preference shares, debentures, bonds, loans, advances, and security deposits to related entities, amounting to systematic siphoning.

Impact on Housing Projects and Investors

The ED stated that the large-scale diversion adversely affected the completion of UFHL’s real estate projects, leaving several developments stalled or incomplete. This, it said, caused substantial losses to homebuyers, investors, and financial institutions, while generating wrongful gains for the promoters and directors. Anil Mithas was arrested by the ED on April 16, 2025, and remains in judicial custody. Subsequent searches at multiple premises led to the seizure of documents and digital evidence.

Important Facts for Exams

• PMLA, 2002 deals with offences related to proceeds of crime and money laundering.
• ED can provisionally attach assets suspected to be proceeds of crime.
• Supplementary prosecution complaints add new evidence to an ongoing case.
• Special PMLA courts take cognisance of ED complaints.

Asset Attachment and Ongoing Investigation

The ED has provisionally attached movable and immovable assets worth about ₹126 crore linked to UFHL, its promoters, and associate entities. An earlier prosecution complaint filed in June 2025 was taken cognisance of by the court in August 2025. The latest supplementary complaint places additional evidence and details of alleged money laundering before the court, while further investigation in the case remains ongoing.