New Delhi, June 9 (IANS) In a big relief to duped investors in the PACL (Pearl Agrotech Corporation Limited) case, a Special Court (PMLA) court gave the nod to the ED for the restitution of 282 immovable properties worth Rs 9,420.57 crore, and refund the money to the victims of the ponzi scheme, an official said on Tuesday. The attached properties will be handed over by the ED to the Justice Lodha Committee for further distribution of the sale proceeds among the victim investors.This action has …
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New Delhi, Jan 26 (IANS) The Enforcement Directorate (ED) has attached 37 immovable properties, located in Ludhiana and Jaipur and valued at Rs 1,986 crore, in connection with the Rs 48,000 crore fraud committed under the garb of the real estate investment scheme, floated by Pearls Agrotech Corporation Ltd (PACL), an official said on Monday.The 37 properties attached by the investigative agency were acquired by the company, with funds raised from the investors and thus constituted “proceeds of c…