ED's 'highest' attachment at over Rs 22K crore with fresh action in PACL case

NEW DELHI: (Mar 20) The Enforcement Directorate (ED) has executed its highest attachment in a single case, worth over Rs 22,000 crore, with fresh freezing of properties in its money laundering investigation against Chandigarh-based PACL (Pearls Group), accused of orchestrating a Rs 48,000 crore ponzi scheme.

These 126 immovable properties are located in Punjab and Delhi.

A provisional order has been issued under the Prevention of Money Laundering Act (PMLA) to attach these properties, the federal agency said in a statement issued on Friday. The value of these assets is Rs 5,046.91 crore.