The Directorate of Enforcement (ED), Headquarters Investigation Unit, has provisionally attached movable and immovable properties worth ₹55.57 crore under the Prevention of Money Laundering Act (PMLA), 2002, in connection with an alleged money laundering case pertaining to the bogus export of mobile phones by M/s Hampton Sky Realty Limited (HSRL), formerly known as M/s Ritesh Properties and Industries Ltd.
According to the ED, the attached assets include bank accounts, fixed deposits, land, commercial premises and residential apartments situated in Ludhiana, Gurugram and Chandigarh. The properties are held in the names of former Punjab minister Sanjeev Arora, M/s Hampton Sky Realty Limited, his family members and associated entities.
The ED said the investigation was initiated on the basis of an FIR registered by Police Station Udyog Vihar, Gurugram, Haryana, for offences under the Bharatiya Nyaya Sanhita (BNS), 2023, corresponding to Sections 420, 467, 471 and 120-B of the Indian Penal Code (IPC), which are scheduled offences under the PMLA.
According to the agency, Hampton Sky Realty Limited, primarily a real estate company, reported mobile phone sales worth approximately ₹157 crore during the financial year 2023-24, including purported exports worth about ₹102.50 crore to two UAE-based entities—Fortbel Telecom FZCO and Dragon Global FZC.
The ED alleged that the mobile phones were shown to have been procured locally from a network of supplier firms that were largely shell or non-existent entities linked through common mobile numbers and email IDs. These firms were allegedly used to generate bogus invoices and accounting entries without any actual movement of goods.
The agency further alleged that the purported exports were not backed by genuine movement of goods and were shown to have been exported to entities beneficially controlled by the same group of persons. The ED has estimated the proceeds of crime at approximately ₹102.99 crore, while stating that the investigation into local sales is still underway.
The ED said searches under Section 17 of the PMLA were conducted on May 9, 2026, during which Sanjeev Arora, the erstwhile Chairman and Managing Director of Hampton Sky Realty Limited and the main accused in the case, was arrested. He is presently in judicial custody.
The Enforcement Directorate said further investigation is under progress.