New Delhi, March 20 -- The Enforcement Directorate (ED) on Friday said it has attached 126 immovable properties worth Rs 5,046.91 crore located in Punjab and Delhi in connection with its ongoing investigation into a large-scale financial fraud involving a collective investment scheme operated by PACL Ltd. and its related entities.
The ED initiated the PMLA investigation on the basis of an FIR registered by the Central Bureau of Investigation (CBI) under Sections 120-B and 420 of the Indian Penal Code. The FIR was filed pursuant to directions of the Hon'ble Supreme Court of India.
Subsequently, the CBI filed a charge sheet and a supplementary charge sheet against 33 accused, including individuals and companies, for their role in running an...