Sanjeev Arora’s Hampton Sky Realty Limited, formerly known as Ritesh Properties and Industries Limited, on Saturday issued a detailed statement defending itself against recent Enforcement Directorate (ED) proceedings, asserting that its mobile phone export operations were genuine, fully documented and were in compliance with Indian law.
In a press statement, the company said that the 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.
The company said that the country’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 and recognising this national thrust, the company entered the mobile phone export business in May 2023.
According to the statement, Hampton Sky Realty exported 44,471 units of branded mobile phones and accessories, including Apple iPhones, AirPods, Samsung and OnePlus devices. The company asserted that each shipment underwent multiple levels of independent verification by statutory and international entities.
These checks, it said, included physical examination by customs officials at the Air Cargo Complex in New Delhi, IMEI scanning through the ICEGATE system, and verification by original equipment manufacturers such as Apple and Samsung through their global activation databases. The company claimed that the verified IMEIs confirmed that the exported handsets were activated outside India after export, thereby establishing the authenticity of the consignments.
The company argued that the IMEI verification process could not be manipulated domestically, describing it as conclusive proof of genuine exports. It further stated that all export proceeds were received through authorised banking channels and corresponding Bank Realisation Certificates were uploaded on the DGFT portal.
Rejecting allegations of “round-tripping” or bogus exports, the company claimed the entire export revenue was paid to domestic suppliers through banking channels and that no funds were diverted, retained offshore or routed back to associated entities.
The statement also addressed concerns linked to Goods and Services Tax (GST) input-tax-credit claims involving some suppliers. Hampton Sky Realty said the disputed transactions formed only a small fraction of its overall procurement and maintained that the alleged irregularities were entirely supplier-side issues.
The company revealed that it had itself lodged an FIR in May 2025 at Ludhiana’s Focal Point police station against three suppliers — SK Enterprises, Global Traders and GMG Tradelink Pvt Ltd — alleging fraud under provisions of the Indian Penal Code. It described itself as a victim that proactively approached law enforcement authorities before any investigative action was initiated.
On the issue of potential loss to the exchequer, the company said disputed GST amounts had already been deposited and were under challenge before the GST Appellate Authority, adding that there was currently ‘no loss’ to government revenue.
Reiterating its willingness to cooperate with authorities, Hampton Sky Realty said it would continue to provide all relevant documents and records during the course of the investigation.
