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Mains issueGS-2News & Analysis02 June 2026

ED attaches assets worth ₹1,595 crore in PACL case

Source: thehindu.comOriginal report

Understand the issue · 1/2

Why now

01

The Enforcement Directorate (ED) has provisionally attached 14 immovable properties worth ₹1,595.85 crore belonging to Gian Sagar Educational & Charitable Trust in connection with a large-scale investment fraud by PACL Limited. The probe, initiated based on a Supreme Court directive and a CBI FIR, concerns an illegal collective investment scheme that defrauded investors of over ₹68,000 crore. With this, the total attached assets in the case, both in India and abroad, now amount to approximately ₹28,626 crore.

Core issue

02

The Enforcement Directorate (ED) has provisionally attached 14 immovable properties worth ₹1,595.85 crore belonging to Gian Sagar Educational & Charitable Trust in connection with a large-scale investment fraud by PACL Limited. The probe, initiated based on a Supreme Court directive and a CBI FIR, concerns an illegal collective investment scheme that defrauded investors of over ₹68,000 crore. With this, the total attached assets in the case, both in India and abroad, now amount to approximately ₹28,626 crore.

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