The Enforcement Directorate (ED) has provisionally attached assets worth Rs 55.57 crore in a money laundering case linked to Gurugram-based real estate firm Hampton Sky Realty Limited (HSRL).
According to officials, the attached assets include fixed deposits, land, bank accounts, commercial properties, and residential apartments in Ludhiana, Gurugram and Chandigarh.
The properties are allegedly linked to HSRL, its former chairman and managing director Sanjeev Arora, his relatives, and associated firms. Arora (62) was taken into custody by the central agency from his official residence in Chandigarh last month.
The agency has alleged that a GST fraud involving nearly Rs 100 crore related to mobile phone sales is linked to Arora. The former Punjab minister is currently in judicial custody in a Haryana jail.
According to ED officials, the action was taken under the stringent Prevention of Money Laundering Act (PMLA), 2002. Investigators said HSRL, primarily a real estate company, had allegedly faked exports of mobile phones worth Rs 157 crore to two UAE-based firms — Fortbell Telecom FZCO and Dragon Global FZCO — during 2023–24.
The agency also alleged that the mobile phones were procured locally but no genuine exports had taken place. Instead, the company allegedly used shell entities and shared mobile numbers and email IDs to generate bogus invoices and provide accommodation entries.
As per the investigation, the total proceeds generated from the alleged fake sales amount to Rs 102.99 crore.
While Arora has denied any involvement in the case, investigations are continuing to ascertain his and his family members' alleged links to the money laundering crimes.
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