New Delhi, June 1 -- The Enforcement Directorate has attached 14 immovable properties worth Rs 1,595.85 crore belonging to Gian Sagar Educational and Charitable Trust in Punjab in connection with its ongoing probe into the multi-thousand-crore PACL investment fraud case.

The properties, located at Punjab's Ramnagar, were attached under the provisions of the Prevention of Money Laundering Act (PMLA), 2002, in connection with its ongoing investigation into a large-scale investment fraud involving a collective investment scheme operated by PACL Ltd and related entities.

ED said the attached 14 properties have been identified as having been acquired from investor funds, constituting proceeds of crime.

As per the agency, the investigation r...