ED Seizes ₹1,986 Crore Properties in PACL Money Laundering Case

• The Enforcement Directorate (ED) provisionally attached 37 immovable properties worth ₹1,986.48 crore under PMLA in the PACL money laundering case.
• Properties are located in Ludhiana (Punjab) and Jaipur (Rajasthan), linked to an illegal collective investment scheme by M/s PACL Ltd.
• PACL fraudulently collected over ₹60,000 crore from millions of investors under the guise of selling and developing agricultural land, with ₹48,000 crore still unreturned.
• Funds were routed through various entities and used to purchase properties in the names of late Nirmal Singh Bhangoo, his family, and associates.
• Open-ended non-bailable warrants were issued against Prem Kaur, Barinder Kaur, Sukhwinder Kaur, Gurpratap Singh, and Prateek Kumar; total attachments by ED now stand at approximately ₹7,589 crore.

Why It Matters: ED attached ₹1,986 crore worth of properties in the PACL money laundering case, bringing total seizures to ₹7,589 crore.