Hampton Sky Realty denies fund diversion as ED arrests Punjab Minister Arora
Synopsis
The ED arrested Punjab Industry Minister Sanjeev Arora on 9 May 2025 in a money laundering probe tied to alleged bogus exports worth ₹157.12 crore.
Key Takeaways
ED arrested Punjab Industry Minister Sanjeev Arora on 9 May 2025 from his official residence in Chandigarh .
Hampton Sky Realty Limited, formerly known as Ritesh Properties and Industries, on Saturday, 9 May 2025, denied all allegations of money laundering and fund diversion, asserting full compliance with applicable laws in its mobile-phone export operations. The denial came hours after the Enforcement Directorate (ED) arrested Punjab Industry Minister Sanjeev Arora from his official residence in Sector 2, Chandigarh, in connection with a money laundering probe.
What the Company Said
In a detailed statement, Hampton Sky Realty said it entered the mobile-phone export business in May 2023, describing it as a government-thrust area under the 'Make in India' and Production-Linked Incentive (PLI) schemes. The company stated it exported 44,471 units of branded handsets and accessories — comprising Apple iPhones and AirPods (96.7%), Samsung handsets (3.2%), and OnePlus devices (0.06%) — all claimed to be genuine products of global manufacturers.
The company asserted that 16,391 IMEIs were independently verified by original equipment manufacturers (OEMs) as genuine devices activated outside India after export, adding that
Frequently Asked Questions
Why was Sanjeev Arora arrested by the ED?
Sanjeev Arora was arrested by the ED in connection with a money laundering probe linked to alleged bogus mobile-phone exports worth ₹157.12 crore involving Hampton Sky Realty Limited.
