Punjab Newsline | Ludhiana
Enforcement Directorate (ED) has attached movable and immovable assets worth ₹55.57 crore linked to Punjab minister Sanjeev Arora and Hampton Sky Realty Limited in connection with an alleged money laundering case involving fake mobile phone exports.
According to the ED, the action was taken under the Prevention of Money Laundering Act (PMLA) as part of its investigation into an alleged multi-crore fraud. The agency claims that export invoices for mobile phones were generated in the names of Dubai-based companies that were allegedly linked to the accused.
The ED has already arrested the main accused, the company's former Chairman and Managing Director, who is currently in judicial custody. The agency has indicated that further action in the case is likely as the investigation progresses.
The attached assets include bank accounts, fixed deposits (FDs), land parcels, commercial properties, and luxury residential apartments located in Ludhiana, Gurugram, and Chandigarh. According to the ED, these properties are registered in the names of the company, Sanjeev Arora, and members of his family.
The investigation into the alleged export fraud and money laundering is ongoing, with the ED expected to examine additional financial transactions and assets linked to the case.
