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Daily wage labourer’s ‘shell’ firm used to launder Rs 27 crore by Sanjeev Arora’s company: ED
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Daily wage labourer’s ‘shell’ firm used to launder Rs 27 crore by Sanjeev Arora’s company: ED

The Indian Express·Man Aman Singh Chhina·22 days ago
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During the remand hearing of arrested Punjab Industries Minister Sanjeev Arora, the Enforcement Directorate (ED) said a shell company registered in the name of a daily-wage labourer with limited education was used to route crores of rupees in a Rs 157-crore alleged bogus mobile phone export case linked to Arora’s Hampton Sky Realty Limited (HSRL). His son, Kavya Arora, the current MD, and CFO Deepak Sharma earlier stated under the Foreign Exchange Management Act (FEMA) that the Punjab minister handled the mobile-phone export operations. What does ED say ED’s submissions before Sessions Judge-cum-Special Judge (Prevention of Money Laundering Act or PMLA) Narender Sura on May 9 centred on various transactions of Arora’s firms, including one with S K Enterprises, a proprietorship firm ostensibly owned by Kamal Ahmad, a daily-wage labourer from North Ghonda in Delhi .…

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