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