The case concerns the alleged extensive fraudulent systems of collective investments that hovered PACL, which were structured to deceive and cheat investors. File | Photo Credit: DonctionDirectorate.gov.in
In the case of PACL, the Directorate for enforcement (ED) has an intermediately attached real estate worth about 762.47 GBP.
The properties are located through Pandjab, Haryan, Delhi, Maharashtra and Australia.
The ED probe is based on the first information report registered by the Central Office for Investigation Against PACL Limited, PGF Limited, its promoter Nirmal Singh Bhangoo (from the dead) and others.
The case concerns the alleged extensive fraudulent systems of collective investments that hovered PACL, which were structured to deceive and cheat investors. “Through these misleading schemes, Pacl, through its directors and others, gathered and abused about 48,000 GBP Crore from investors,” the agency says.
The ED survey revealed that the funds collected from the Lakhs of incorporated investors were systematically diverted and layered through several transactions to cover their illicit origin. The spoiled funds were also used to obtain 68 immovable property, which have the current market value of CRORE 762,47 GBP in different names.
Published – 12 July 2025 22:57 is
