After ED raid, Hampton Sky Realty says company cooperating with statutory authorities
GST
Dated:- 9-5-2026
PTI
Chandigarh, May 9 (PTI) Hampton Sky Realty Limited, in which Punjab minister Sanjeev Arora served as a director, on Saturday said the company has faith in the legal process and is fully cooperating with all the statutory authorities and will continue to do so.
“All relevant facts, documents and verifiable records will be placed before the appropriate fora in due course of law. The company has complete faith in the facts of the case, in the integrity of its statutory records, and in the wisdom of the judiciary. It is confident that the truth will prevail,” said a statement issued by Hampton Sky Realty on Saturday evening.
The statement came after the Enforcement Directorate (ED) on Saturday arrested Punjab industries minister Sanjeev Arora following a series of raids in connection with a Rs 100 crore money laundering probe linked to alleged fraudulent GST
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =
s of mobile phones worth more than Rs 100 crore and subsequent exports to “round trip” alleged illegitimate funds from Dubai to India, according to the ED.
The ED has alleged that multiple fake GST purchase invoices were acquired from “non-existing” firms in Delhi to falsely claim input tax credit.
In the statement, Hampton Sky Realty said, “With reference to the recent developments concerning the proceedings of the Enforcement Directorate, the company places on record the following factual position. The company reposes complete faith in its established facts, and in the legal and constitutional framework of the country…” The statement said that recognising mobile phone exports as a thrust sector by the government of India, the company entered the cellphone export business in May 2023.
During the export period, the company exported 44,471 units of branded handsets and accessories, the statement said.
“Every export was verified at multiple statutory stages by in
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =
ing 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,” the statement said.
It also claimed that on its own initiative, when the supplier-side fraud came to the company's knowledge, it approached the police as the complainant by lodging an FIR on May 17, 2025, in Ludhiana against the said suppliers.
“The company is the victim of the alleged supplier-side fraud, and it proactively reported the matter to law-enforcement authorities approximately one year ago, well before any investigative pressure,” the statement said.
It added that where the GST authorities raised concerns regarding input tax credit, the corresponding GST amount was already deposited by the co
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =