Chandigarh, June 26 -- The Enforcement Directorate (ED) has attached movable and immovable assets worth Rs 55.57 crore in connection with a money laundering investigation linked to alleged fraudulent mobile phone exports.
The attached properties are associated with Punjab minister Sanjeev Arora, M/s Hampton Sky Realty Limited (formerly Ritesh Properties and Industries Limited), and other related individuals.
According to the ED, the action has been taken under the provisions of the Prevention of Money Laundering Act (PMLA) as part of an ongoing probe into an alleged financial fraud involving fake mobile phone exports and the laundering of illicit proceeds.
The agency alleged that export invoices were generated in the names of Dubai-based...