IndiaPosted at: Feb 18 2026 8:30PM


ED attaches properties worth Rs 10,021.46 crore in PACL money laundering case

New Delhi, Feb 18 (UNI) The Enforcement Directorate (ED), Delhi Zonal Office, on Wednesday said it has attached 247 immovable properties worth Rs 10,021.46 crore located in SAS Nagar, Rupnagar, Zirakpur and Mohali in connection with its ongoing investigation into large-scale financial fraud involving a collective investment scheme operated by PACL Ltd. and related entities.
The ED initiated the probe under the Prevention of Money Laundering Act (PMLA) based on an FIR registered by the Central Bureau of Investigation (CBI). The FIR was lodged pursuant to directions of the 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 alleged role in running an illegal investment scheme.
As per the charge sheets, the accused entities and persons operated a massive illegal collective investment scheme, fraudulently mobilising over Rs 48,000 crore from lakhs of investors across India under the pretext of sale and development of agricultural land. Investors were induced to invest under cash down payment and instalment payment plans, and were made to sign misleading documents such as agreements, powers of attorney and other instruments. In most cases, land was never delivered, and approximately Rs 48,000 crore remains unpaid to investors. The scheme allegedly involved the use of multiple front entities and reverse sale transactions to conceal the fraud and generate wrongful gains.
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Tags: #ED attaches properties worth Rs 10#021.46 crore in PACL money laundering case
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