India, March 21 -- The Enforcement Directorate (ED) has executed its highest attachment in a single case, worth over Rs 22,000 crore, with fresh freezing of properties in its money laundering investigation against Chandigarh-based PACL (Pearls Group), accused of orchestrating a Rs 48,000 crore ponzi scheme.
These 126 immovable properties are located in Punjab and Delhi.
A provisional order has been issued under the Prevention of Money Laundering Act (PMLA) to attach these properties, the federal agency said in a statement issued on Friday. The value of these assets is Rs 5,046.91 crore.
With this attachment, the agency has, so far, attached properties worth a total of Rs 22,656.91 crore, including assets located in India and abroad, be...
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