The Enforcement Directorate on Friday carried out extensive searches at premises linked to Punjab cabinet minister Sanjeev Arora, his family members, and business associates as part of an ongoing probe under the Foreign Exchange Management Act. The coordinated action covered 13 locations across Punjab, Haryana, and Chandigarh, focusing on alleged financial irregularities, including money laundering and links to illegal betting operations.
Officials said the investigation is examining suspected round-tripping of funds routed from the UAE and their subsequent investment into businesses in India. The probe also involves scrutiny of transactions linked to real estate firm Hampton Sky Realty Ltd, where Arora’s son is reportedly in a key managerial position. Authorities suspect irregular land-use practices, questionable financial dealings, and possible manipulation of share transactions.
The development triggered a strong political reaction, with Punjab Chief Minister Bhagwant Mann criticising the move and calling it an “attack on democracy.” He alleged that central agencies were being used to target opposition-ruled states, particularly the Aam Aadmi Party, which he said has seen rapid political growth in recent years.
Responding to the raids, Arora stated that he would cooperate fully with the investigation and expressed confidence that the facts would emerge through due process. The action took place while he was reportedly on an official visit to Europe as part of an investment outreach programme.
Investigators are also probing alleged connections between Arora’s associates and individuals linked to illegal betting platforms. Officials believe that proceeds from such activities may have been routed into legitimate-looking investments through complex financial channels, including hawala transactions and foreign portfolio investments.
In Ludhiana, security personnel were deployed outside Arora’s residence during the searches, which began early in the day. The latest inspection comes shortly after similar enforcement actions in the region, indicating a broader crackdown on suspected financial misconduct.
This is not the first time Arora has faced scrutiny from the agency. Previous searches linked to alleged land-use violations and real estate dealings had also been conducted, highlighting ongoing concerns over compliance with regulatory norms.
As the investigation progresses, the case is expected to remain politically sensitive, with both legal and political dimensions shaping its course in the coming days.
No Comments: