ED chargesheets Pearls Group in Rs 45,000 crore ponzi scam
New Delhi, Sep 12 : The Enforcement Directorate on Wednesday filed a charge sheet against the Pearls Group and its chief Nirmal Singh Bhangoo in connection with a ponzi scam involving over Rs 45,000 crore, which was collected allegedly by two companies from 5.5 crore investors.
Apart from Bhangoo, who is in judicial custody, his three colleagues and other persons have also been named in the ED chargesheet filed in a special court under the Prevention of Money Laundering Act (PMLA).
The ED, which started the probe after lodging an FIR in 2015 based on the Central Bureau of Investigation's (CBI) case, had in January attached Australia-based assets of the Pearls Group and Bhangoo worth Rs 472 crore.
The CBI had arrested Bhangoo and his three colleagues in 2016 following allegations that they collected funds from investors in Delhi, Punjab, Haryana, Rajasthan and other states through ponzi schemes, in the name of real estate projects.
Bhangoo, his companies PACL and PGFL, as well as his lakhs of commission agents were accused of cheating 5.5 crore investors on the pretext of sale and development of agriculture land.
The companies made false allotments of land to investors. However, the companies never owned any land in their own name.
Bhangoo and his companies promised the investors that allotment would be done on their investment between 90 and 270 days and if not, handsome returns would be paid.
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Vice president releases latest edition of Constitution in Sindhi
New Delhi (PTI): Vice President C P Radhakrishnan on Friday released the latest edition of the Constitution in Sindhi language, in both Devanagari and Persian scripts here.
Addressing a gathering, the vice president extended greetings to the Sindhi-speaking community on the occasion of Sindhi Bhasha Diwas.
He described Sindhi as one of the oldest and most melodious languages, noting that its literary tradition reflects a unique confluence of Vedantic philosophy and Sufi thought, promoting universal values of oneness, love, and brotherhood.
Highlighting the significance of the occasion, he said that the release of the Constitution in Sindhi, particularly in the Devanagari script for the first time since Independence, marks an important milestone in promoting linguistic inclusivity.
He emphasised that the Constitution is not merely a legal document but the living spirit of the nation, embodying its aspirations, safeguarding rights, and guiding democratic governance.
He observed that India stands unique in making its Constitution available in a wide range of languages and recalled similar initiatives undertaken in recent years, including translations in Bodo, Dogri, Santhali, Tamil, Gujarati, and Nepali. These efforts, he said, celebrate India’s linguistic diversity and reinforce democratic values.
