Sanjeev Arora’s Company Responds to ED Action; Says No Loss to Government Exchequer, Reposes Faith in Judiciary
Babushahi Bureau
Chandigarh/New Delhi, May 9, 2026:
After a few hours after the Enforcement Directorate (ED) arrested Punjab Cabinet Minister Sanjeev Arora in a money laundering case, his company, Hampton Sky Realty Limited, issued a detailed statement asserting that there has been no loss to the government exchequer and that the company is fully cooperating with all statutory authorities.The company has expressed full faith in the judicial system saying,"Confident that the truth will prevail."
In a press statement issued from New Delhi on Friday, the company said it has “complete faith in the established facts, in the legal and constitutional framework of the country, and in the wisdom of the Hon’ble Judiciary.”
Mobile Phone Export Business Under Government Priority Sector
The company stated that it entered the mobile phone export business in May 2023, citing the Government of India’s strong push to boost electronics manufacturing and exports under the “Make in India” initiative and the Production-Linked Incentive (PLI) scheme.
According to the statement, the company exported 44,471 units of branded handsets and accessories, including Apple Inc. iPhones and AirPods, Samsung Electronics handsets, and OnePlus devices.
Exports Verified at Multiple Levels
Hampton Sky Realty said every shipment underwent verification by multiple authorities, including Customs, IMEI scanning through the ICEGATE system, OEM verification by Apple and Samsung, destination confirmation by UAE Customs, and Bank Realisation Certificates issued through authorized banking channels.
The company emphasized that the unique IMEI numbers of exported phones were independently verified and that this, by itself, establishes the genuineness of the exports.
“No Round-Tripping, No Bogus Exports”
The company said all export proceeds were received through authorized banking channels and that the entire amount was paid to domestic suppliers. It asserted that no funds were retained offshore or routed back to any individual or entity.
“This factual position alone disposes of any allegation of round-tripping or bogus exports,” the statement said.
Company Says It Was Victim of Supplier-Side GST Fraud
Addressing allegations linked to GST input tax credit, the company said the concerns related only to a small number of suppliers and that it had itself lodged an FIR in May 2025 at Focal Point Police Station, Ludhiana, against three suppliers — SK Enterprises, Global Traders, and GMG Tradelink Pvt. Ltd.
The company maintained that it was the victim of supplier-side fraud and had reported the matter to the police well before any investigative action.
“No Loss to the Government Exchequer”
Hampton Sky Realty said that wherever GST authorities raised objections, the corresponding tax amounts had already been deposited and were being contested through lawful appeals before the GST Appellate Authority.
“There is no current loss to the Government exchequer on account of the Company’s transactions,” the statement said.
Full Cooperation with Authorities
The company reiterated that it is fully cooperating with all statutory authorities and will continue to place all relevant documents and records before the appropriate legal forums.
“The Company has complete faith in the established facts of the case, in the integrity of its statutory records, and in the wisdom of the Hon’ble Judiciary. The Company is confident that the truth will prevail,” the statement concluded.
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Here is the full Text of the statement:
HAMPTON SKY REALTY LIMITED*
(formerly Ritesh Properties and Industries Limited)
*PRESS STATEMENT*
9 May 2026 | New Delhi
Hampton Sky Realty Limited (“the Company”), with reference to recent developments concerning proceedings of the Directorate of Enforcement, places on record the following factual position. *The Company reposes complete faith in its established facts, in the legal and constitutional framework of the country, and in the wisdom of the Hon’ble Judiciary.*
*1. Mobile Phone Exports – A Thrust Sector of the Government of India*
Mobile-phone manufacturing and export has been identified by the Government of India as a flagship priority sector under “Make in India” and the Production-Linked Incentive scheme. India’s mobile-phone export turnover grew from approximately Rs. 1,500 crore in FY 2014–15 to approximately Rs. 2 lakh crore in FY 2024–25 – a *127-fold increase*. The United Arab Emirates is the second-largest global destination for Indian mobile-phone exports. Recognising this national thrust, the Company entered the mobile-phone export business in May 2023.
*2. Genuineness of Exports – Independent Verification at Multiple Stages*
During the export period, the Company exported *44,471 units of branded handsets and accessories* comprising Apple iPhones and AirPods (96.7%), Samsung handsets (3.2%) and OnePlus handsets (0.06%) – all genuine products of leading global manufacturers. Every export was verified at multiple statutory stages by independent authorities outside the Company’s control:
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• Customs physical examination at ACC New Delhi, with Let Export Order granted by the Superintendent of Customs;
• IMEI scanning of every handset, recorded on the Customs ICEGATE system at the port of export;
• Cross-verification by the Original Equipment Manufacturers (Apple Inc., Samsung Electronics) against their global activation databases, confirming that the IMEIs were genuine handsets activated outside India after export;
• Sanction of Duty Drawback / RoSL claims by the Customs Department only after positive OEM verification;
• Import endorsements by UAE Customs at the destination; and
• Bank Realisation Certificates issued by the Authorised Dealer Bank against full receipt of export proceeds, uploaded on the DGFT eBRC portal.
*3. IMEI – The Unique Identifier that Settles Genuineness*
Every mobile phone manufactured anywhere in the world carries a *unique 15-digit International Mobile Equipment Identity (IMEI) number*. The IMEI of each handset exported by the Company was listed on the supplier’s invoice, recorded on the shipping bill, scanned by Customs at the port of export, and *cross-verified by Apple Inc. and Samsung Electronics against their global activation databases*. This verification operates outside India and is not capable of being created, altered or manipulated by any Indian party. The 16,391 IMEIs of handsets exported by the Company stand independently verified by the OEMs as genuine handsets activated outside India after export. *This factual position alone establishes the genuineness of the exports beyond reasonable doubt.*
*4. All Export Proceeds Received • All Suppliers Paid • Nothing Retained*
Every rupee of the export realisation has been received in full through Authorised Dealer banking channels, with corresponding Bank Realisation Certificates uploaded on the DGFT portal. The entire receipt has been paid to domestic suppliers through banking channels for the goods procured. *Nothing has been retained off-shore, kept in any concealed account, or routed back to any individual or entity*. The receipt-and-payment trail is open, banking-channel and fully reconciled.
*This factual position alone disposes of any allegation of “round-tripping” or “bogus exports”*. Round-tripping is a financial concept that requires the retention or diversion of funds for the benefit of the alleged perpetrator. In the present case, no funds have been retained by the Company or any of its associates. There is no economic basis on which an allegation of round-tripping can stand.
*5. Supplier-Side GST Concerns – The Company is the Victim*
The proceedings refer to GST input-tax-credit concerns relating to a small number of the Company’s domestic suppliers. These transactions constitute *only a small percentage* of the Company’s total mobile-phone procurement and are entirely on the supplier side. The Company made all payments to suppliers through banking channels with GST duly charged, filed its GST returns regularly, and reflected all transactions on its books.
On its own initiative, when the supplier-side fraud came to the Company’s knowledge, the Company *itself approached the police as the complainant* by lodging First Information Report No. 0083 dated 17 May 2025 at Police Station Focal Point, Ludhiana, against the said suppliers — *M/s SK Enterprises, M/s Global Traders and M/s GMG Tradelink Private Limited* — under the Indian Penal Code. *The Company is the victim* of the alleged supplier-side fraud and proactively reported the matter to law-enforcement authorities approximately one year ago, well before any investigative pressure.
*6. No Loss to the Government Exchequer*
Where the Goods and Services Tax authorities have raised concerns regarding input-tax credit, the corresponding GST amount has already been deposited by the Company and is being contested in lawful appeal before the GST Appellate Authority. *There is no current loss to the Government exchequer on account of the Company’s transactions*.
*7. Faith in the Legal Process*
The Company is fully cooperating with all statutory authorities and will continue to do so. All relevant facts, documents and verifiable records will be placed before the appropriate forums in due course of law. *The Company has complete faith in the established facts of the case, in the integrity of its statutory records, and in the wisdom of the Hon’ble Judiciary*. The Company is confident that the truth will prevail.
— Issued by Corporate Communications, Hampton Sky Realty Limited