Panchkula, Sept. 18 -- The Enforcement Directorate (ED) has provisionally attached immovable properties valued at Rs 696.21 crore located in Haryana's Panchkula in connection with its ongoing probe in the case of Pearl Agro Corporation Limited (PACL) and others under the Prevention of Money Laundering Act, the agency said on Thursday.

ED said its investigation stems from the Central Bureau of Investigation's First Information Report registered on February 19, 2014, against PACL Ltd, PGF Ltd, late Nirmal Singh Bhangoo, and others.

The case pertains to massive fraudulent collective investment schemes floated by PACL, through which the company and its associates deceitfully raised and misappropriated around Rs 48,000 crore from unsuspectin...