New Delhi, Feb. 18 -- 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 allege...