New Delhi, Dec. 18 -- The Enforcement Directorate (ED) has attached 169 immovable properties currently valued at Rs 3436.56 crore located in Punjab's Ludhiana in connection with its ongoing probe in the case of PACL and others, the agency said on Thursday.

The agency said its investigation revealed that "the part of the funds mobilised from lakhs of investors was utilised for the acquisition of these 169 immovable properties, currently valued at Rs 3436.56 crore, in the name of PACL."

ED's Delhi zonal office attached these properties under the Prevention of Money Laundering Act (PMLA), 2002 following its investigation on the basis of First Information Report registered by the Central Bureau of Investigation (CBI) under Sections 120-B an...