The Enforcement Directorate (ED) has submitted a supplementary charge sheet in Ghaziabad accusing a builder of diverting Rs 126 crore collected from home buyers for a project in Noida’s Sector-119. The ED’s Lucknow Zonal office filed the charge sheet under the Prevention of Money Laundering Act against Unnati Fortune Holdings Limited (UFHL) and its Promoters/Directors. The investigation was initiated based on FIRs registered by UP Police under various sections of the IPC.
The builder, Unnati Fortune Holdings Limited, faced legal action for diverting funds meant for the “Unnati The Aranya” project in Noida’s Sector-119, resulting in project delays and financial losses for homebuyers and institutions. Anil Mithas, the main promoter of UFHL, is alleged to have diverted Rs 126 crore, leading to money laundering through various means between 2011 and 2019. The ED stated that these diversions harmed the project’s progress, causing financial losses to investors and institutions while benefiting UFHL’s directors and promoters.
Anil Mithas, the main promoter, was arrested by the ED in April 2025 and is currently in judicial custody. Following searches at related premises, incriminating documents and digital evidence were seized. The ED has attached movable and immovable assets worth Rs 126 crore belonging to UFHL and its promoters/associate entities. Previously, the ED had filed a charge sheet against UFHL and Anil Mithas under the PMLA, 2002, which was acknowledged by the court in August 2025.
