Biggest political and investigative developmnet has emerged from Punjab, where Punjab Minsiter and industrialist Sanjeev Arora has been detained by ED today.
It is claimed that in the Punjab Minister, Sanjeev Arora arrest case, ED has made certain allegations under FEMA, the Foreign Exchange Management Act, which also draws links to alleged fake export transactions and suspicious foreign money transfers.
A document is widely getting circulating in the Public domain. It is calimed to be an offical ED press release, also a known India agency has posted the screen short of the documnt on space X. Punjab political leader, and a former member of Punjab Legislative Assembly, Bikram Singh Majithia has posted the same documnet on his social media handle.
The case is connected to Hampton Sky Realty Limited and several associated companies and individuals.
A document is released in public which is claimed to be an official release from the ED. The document states that on April 19, 2026, ED Assistant Director Shiv Kumar Gupta issued an order to freeze multiple bank accounts, DEMAT holdings, and properties for 180 days.
The investigation mentions the names of Hampton Sky Realty Limited, Findoc Finvest Private Limited, Sanjeev Arora, Hemant Sood, and Chander Sekhar.
Earlier, on April 17, 2026, the ED also carried out search and seizure operations at several locations linked to these individuals and companies.
According to the document, investigators suspect that a network of shell companies created fake purchase invoices and bogus sales-export transactions.
These alleged transactions are said to be worth nearly ₹157 crore.
The documents also claim that exports worth around ₹102 crore were routed through two UAE-based companies, Fortbel Telecom FZCO and Dragon Global FZCO.
The ED suspects that Fortbel Telecom FZCO may be linked to Fortbell Gadgets Private Limited, which is allegedly connected to Hemant Sood and Chander Sekhar. Because of this, the agency has raised questions about whether the export transactions were genuine.
According to the document investigators believe that fake invoicing and alleged round-tripping of funds may have been used to bring foreign money into India in violation of FEMA rules.
As part of the action, the ED has frozen several bank accounts linked to Hampton Sky Realty Limited, Sanjeev Arora, and Kavya Arora.
The accounts are in banks including Axis Bank, ICICI Bank, SBI, Kotak Mahindra Bank, Punjab National Bank, and HDFC Bank.
The ED has instructed banks not to allow withdrawals, transfers, or any movement of funds from these accounts.
Apart from bank accounts, DEMAT and mutual fund investments have also been attached.
Some investments linked to Kavya Arora, including ICICI Prudential Large Cap Fund and HDFC Mid-Cap Fund, have been frozen under the order.
Several properties have also been attached, including around 12 acres of land in Ludhiana, a primary school property, a residential flat in Gurgaon’s Catriona Apartments, a plot in Mohali’s TDI City, and another plot in Ludhiana’s Vasant City.
Document claims that according to the ED order, these properties cannot be sold, transferred, or leased without prior approval from the agency.
The documents also mention shareholding and directorship details related to Hampton Sky Realty Limited. Shareholders named include Kavya Arora, Sanjeev Arora, and Findoc Finvest Private Limited. Directors mentioned include Kavya Arora, Ketki Gupta, and Sandhya Arora.
The ED has taken this action under Section 37 of FEMA and Section 132(9B) of the Income Tax Act.
It has been claimed that following the raid and search operations, Punjab Minister Sanjeev Arora, has been detained by the ED for further investigations. Although the official confirmation about this arrest from ED is awaited.