New Delhi, March 21 -- The Enforcement Directorate (ED), in one of the largest single attachment orders, has attached assets worth Rs.5,046 crore in connection with its money laundering probe against PACL (Pearl Agro Corporation Ltd), which is being investigated in a Rs.48,000 crore Ponzi scheme, the agency said on Friday.

Pearls group was run by Nirmal Singh Bhangoo, who was arrested in 2016. He died in August 2024 in Delhi.

The federal agency said in a statement on Friday that it has attached "126 immovable properties valued at Rs.5,046.91 crore in Punjab and Delhi under the Prevention of Money Laundering Act (PMLA) in connection with its ongoing investigation into a large-scale financial fraud involving a collective investment scheme...