ED Nets Rs 762 Crore in PACL Scam: Properties Seized
The Enforcement Directorate (ED) launched a major crackdown on July 12, 2025, seizing assets worth Rs 762.47 crore from PACL Limited and its associates. The action follows a long-running investigation into alleged fraudulent investment schemes.
The CBI initially filed an FIR, highlighting the massive scale of the alleged fraud – a staggering Rs 48,000 crore. This colossal sum was allegedly amassed through deceptive investment practices.
Investigations revealed a complex money laundering operation. The ED alleges that the illicit funds were cleverly channeled into various properties to obscure their origins and shield them from legal scrutiny.
The ED’s action sends a strong message against financial crimes. This significant seizure underscores the government’s commitment to recovering funds defrauded from millions of ordinary investors and bringing the perpetrators to justice. The impact on investor confidence and the ongoing legal battles remain crucial factors in the coming months.
