India, Oct. 2 -- The Mumbai unit of the Enforcement Directorate (ED) has provisionally attached 211 immovable assets worth Rs.646.58 crore across multiple states as part of its money-laundering investigation into private firm Pancard Clubs Limited (PCL) and others in an alleged Rs.4,387-crore Ponzi scheme-based investment fraud.

The attached assets comprise offices, luxury hotels, resorts, agricultural land and residential properties across Maharashtra, Kerala, Uttarakhand, Goa, Rajasthan, Himachal Pradesh, Madhya Pradesh, Telangana and Dadra & Nagar Haveli. The properties are in the names of PCL and Panoramic Universal Limited, their subsidiary concerns and their beneficial owners and family members.

The ED investigation is based on a ...