A file image of Punjab’s Industries Minister Sanjeev Arora
| Describe Credit rating: ANI
The Enforcement Directorate (ED) has secured seven-day custody of Sanjeev Arora, Industries Minister within the Aam Aadmi Celebration (AAP) authorities in Punjab, in connection with an alleged money-laundering case.
Mr. Arora turned into produced sooner than a Gurugram particular court unhurried on Saturday (Might maybe also 9, 2026) after being arrested by the agency. The case is an offshoot of an inquiry into suspected violations of the Foreign Alternate Management Act (FEMA) by Hampton Sky Realty Restricted (HSRL), where Mr. Arora had previously served as chairman and managing director (CMD), along with others.
In an announcement on Saturday (Might maybe also 9), HSRL talked about it had faith within the correct process and turned into fully cooperating with the statutory authorities, and would continue to take care of out so. Stating that each export turned into verified by self sustaining authorities open air the corporate’s management, it denied the costs, stating that the corporate turned into a sufferer of “dealer-side fraud”.
Final Month, below FEMA, the ED searched HSRL premises and came all the plot by that the corporate had allegedly proven cell phone sales value ₹157.12 crore from Might maybe also 12 to October 27, 2023. The agency additionally allegedly exported goods value ₹102.50 crore to 2 United Arab Emirates-essentially based mostly entities—Fortbel Telecom FXCO, and Dragon World FZCO.
Per the investigating agency, HSRL, in connivance with its directors, employees, and varied associated persons, generated faux aquire invoices by a community of shell entities after which the “bogus” exports were used for remittance of foreign places commerce from abroad to India below “unsuitable pretences”. The funds bought within the HSRL account were allegedly transferred to a pair of shell and middleman entities.
Based mostly on the working out gathered by the ED, a case turned into registered with the Gurugram police in opposition to HSRL, Mr. Arora, his son Kavya Arora, Hemant Sood, Chander Sekhar, Findoc Finvest Private Restricted (FFPL), and varied identified persons. Then, the agency took up investigation into the alleged money-laundering perspective.
In the direction of the FEMA inquiry, the agency came all the plot by that Fortbel Telecom FZCO turned into a “connected” entity of Fortbell Plot Private Restricted (FGPL). The two UAE-essentially based mostly companies were “beneficially owned” by Rahul Agrawal, a archaic worker of Findoc Neighborhood’s associated entity. FGPL turned into “beneficially owned” by Mr. Sood and Mr. Sekhar, who were linked to HSRL by FFPL.
The ED alleged that many dealer entities linked to HSRL were “non-existent” or shell/dummy companies with out a monetary ability. They issued “bogus” invoices with out the categorical present of goods. A entire lot of of them were both non-filers of income tax returns, reporting negligible income, and/or had their GST registration cancelled or suspended after a swiftly length of operation.
Beneath FEMA, the ED recorded statements of Mr. Arora’s son and a few others, in step with which it alleged that he turned into controlling HSRL’s operations all the plot by length below probe.
Probing the suspected shell entities, the ED diagnosed SK Enterprises, whose Delhi-essentially based mostly “proprietor” Kamal Ahamad allegedly become out to be a day-to-day wage labourer. The agency, whose GST registration turned into suspended later, had allegedly bought about ₹27 crore from HSRL.
The agency claimed SK Enterprises turned into managed by Azhar Haider, who had paid conclude to ₹2 lakh to Mr. Ahamad. Mr. Haider turned into the proprietor of World Merchants, which additionally bought over ₹2.50 crore from HSRL. When confronted, he denied supplying any goods or products and providers to HSRL and SK Enterprises.
Printed – Might maybe also 10, 2026 08:20 am IST
