As many as over 2.08mn (million) investors of PACL Ltd, with a claim of up to Rs19,000, have been paid over Rs1021 crore, says market regulator Securities and Exchange Board of India (SEBI).
The Punjab Vigilance Bureau on Tuesday arrested Dharmendra Sandhu, one of the directors, in connection with Pearls Agrotech Corporation Ltd (PACL Ltd) scam in which five crore investors were defrauded of around Rs 50,000 crore by the company.An .
Punjab Vigilance Bureau Arrests Director In Multi-Crore Ponzi Scam menafn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from menafn.com Daily Mail and Mail on Sunday newspapers.
The Punjab Vigilance Bureau on Tuesday arrested Dharmendra Sandhu, one of the directors, in connection with Pearls Agrotech Corporation Ltd (PACL Ltd) scam in which five crore investors were defrauded of around Rs 50,000 crore by the company.
Punjab Chief Minister Bhagwant Mann on Thursday said all properties of the Pearls Group, a chit fund company, in the state would be taken over by the government. 📰 Chit Fund Fraud: Bhagwant Mann-Led Punjab Govt Orders Process To Take Over Properties of Pearls Group.