India, May 9 -- The Directorate of Enforcement (ED) has provisionally attached bank accounts, demat holdings, and immovable assets linked to M/s Hampton Sky Realty Limited and entities associated with Punjab industries and power minister Sanjeev Arora in connection with an alleged foreign exchange violation involving bogus exports worth Rs.157.12 crore. The agency also conducted its third raid of the year on Saturday at his official residence in Chandigarh as part of a wider crackdown spanning five locations across New Delhi and Gurugram.

The attachment orders, issued under the Foreign Exchange Management Act (FEMA) and the Income Tax Act, mandate a 180-day freeze on these assets following investigations into claims that Rs.102.50 crore ...