By A Staff Reporter
New Delhi — The Enforcement Directorate (ED) on Monday launched a coordinated search operation at more than 15 locations across Haryana, Punjab, Rajasthan, and Delhi in connection with the multi-crore PACL (Pearl Agro Corporation Limited) investor fraud case.
According to the ED, searches were carried out at the residential premises of Congress leader Pratap Singh Khachariyawas and Kulwant Singh, among others. The action stems from an ongoing investigation into the alleged investor fraud worth ₹48,000 crore, believed to be one of the largest collective investment scams in the country’s history.
The ED stated that an FIR has also been registered against associates of the late Nirmal Singh Bhangoo, the founder of PACL, who is alleged to have illegally disposed of properties belonging to PACL and its associate entities.
Multiple ED teams were deployed across various cities in a synchronized operation to uncover financial irregularities and trace the flow of defrauded investor funds.
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