ED attaches fresh PACL assets worth over Rs 1,986 crore
New Delhi (PTI): The Enforcement Directorate (ED) on Monday said it has attached fresh properties worth over Rs 1,986 crore as part of its money laundering investigation against Chandigarh-based PACL (Pearls Group), accused of orchestrating a Rs 48,000 crore Ponzi scheme.
The latest action has taken the total value of assets attached so far in the case to Rs 7,589 crore.
In a statement, the agency said it has provisionally attached 37 immovable properties, located in Punjab's Ludhiana and Jaipur in Rajasthan, valued at Rs 1,986.48 crore, under the Prevention of Money Laundering Act (PMLA).
A part of the alleged illicit funds generated from this fraud was used for the acquisition of these 37 assets, it said.
The ED probe stems from a CBI case against PACL Ltd, its late promoter Nirmal Singh Bhangoo and some others.
Bhangoo died in August 2024.
The accused entities and individuals of PACL operated an "illegal" collective investment scheme, fraudulently mobilising over Rs 60,000 crore from lakhs of investors across India under the guise of sale and development of agricultural land, as per the ED.
Investors were induced to invest through cash down payment and instalment payment plans and were made to sign "misleading" documents, including agreements, powers of attorney, and other instruments, it said.
"In the majority of cases, no land was ever delivered, and approximately Rs 48,000 crore remains unpaid to investors," the agency said.
Three charge sheets have been filed by the ED till now as part of this case registered in 2016.
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Nat Sciver-Brunt's first-ever ton of WPL history powers MI's 15-run victory against RCB
Vadodara (PTI): Nat Sciver-Brunt (100 not out) hit the first-ever century of Women’s Premier League history in its fourth edition as dominant Mumbai Indians beat Royal Challengers Bengaluru by 15 runs, despite Richa Ghosh's whirlwind 90, here on Monday.
In a must-win game to remain in contention for play-offs, defending champions Mumbai hit their strides to produce a near-perfect performance with the bat, piling up 199 for four.
But, despite making early inroads to leave RCB reeling at 35 for 5 inside the powerplay, MI bowlers appeared clueless against Richa who hammered 10 fours and six sixes to make 90 off 50 balls in her team's 184 for 9.
RCB collected 43 runs in the last two overs, with India all-rounder Amanjot Kaur being smacked for three sixes in a row by Richa.
Hayley Matthews (56 and 3/10), who had earlier struck a vital half-century, jolted MI twice as she accounted for skipper Smriti Mandhana (6) and Georgia Voll (9) in the fourth over, and for Radha Yadav (0) in her next.
Shabnim Ismail (2/25), who had struck first to remove Grace Harris (15), cleaned up Gautami Naik (1) for her second wicket while also took a sharp catch in the deep to help Matthews dismiss Radha.
With the win, Mumbai jumped to second spot with six points from seven matches. Delhi Capitals and Gujarat Giants are also on six points from six matches each but Mumbai have better Net Run Rate.
Earlier, England's Sciver-Brunt (100 not out) struck the first-ever century in WPL to fire Mumbai Indians to a formidable 199for 4.
Sciver-Brunt’s 57-ball unbeaten ton and Matthews’ 56 laid the foundation for a big total for Mumbai Indians.
Matthews and Sciver-Brunt put on 131 runs off 73 balls for the second wicket in a whirlwind partnership in which they not only rotated strike well but unleashed a flurry of boundaries.
Matthews struck nine fours to make 56 off 39 balls while Sciver-Brunt hammered 16 fours and one six for her 100 not out.
The pair came together early in the third over when Lauren Bell (2/21) trapped Sajeevan Sajana (7) in front of the wickets.
Brief Scores:
Mumbai Indians: 199 for 4 in 20 overs (Hayley Matthews 56, Nat Sciver-Brunt 100 not out; Lauren Bell 2/21) beat Royal Challengers Bengaluru 184/9 in 20 overs (Richa Ghosh 90 not out; Shabnim Ismail 2/25, Hayley Matthews 3/10) by 15 runs.
