Overview
- The Enforcement Directorate carried out fresh searches at about six premises in Punjab, Delhi‑NCR and Uttar Pradesh, with major activity reported on Tuesday, June 9, and follow‑up presence in Jalandhar through June 11.
- The ED alleges Hampton Sky Realty routed roughly Rs 157.12 crore of inward remittances as purported mobile exports using fake invoices and shell suppliers to launder funds into real estate and other investments.
- Searches targeted residences and business offices linked to local intermediaries, including Jalandhar contractor and chartered accountant Amit Bajaj and other accountants whose records the agency is examining.
- Punjab minister Sanjeev Arora, who was arrested by the ED on May 9 in the same probe, remains in judicial custody as the Prevention of Money‑Laundering Act investigation continues.
- The raids have triggered a sharp political clash: AAP leaders say traders are being harassed and urged calm for the trading community, while BJP officials say central agencies are acting independently and lawfully, a dispute that could shape public response and local business confidence.