India, Jan. 26 -- New Delhi [India], January 26 (ANI) The Enforcement Directorate (ED) has attached 37 immovable properties valued at Rs 1,986.48 crore in connection with an ongoing investigation into a large-scale financial fraud involving a collective investment scheme operated by PACL Ltd and its related entities.

The properties attached under the provisions of the Prevention of Money Laundering Act (PMLA), 2002, are located in Ludhiana (Punjab) and Jaipur (Rajasthan).

"The attached 37 properties have been identified as having been acquired from investor funds and thus constitute proceeds of crime," said the ED.

With this attachment, the ED has so far attached movable and immovable assets worth approximately Rs 7,589 crore, includin...