The Delhi zonal office of the directorate of enforcement (ED) has provisionally attached immovable properties worth Rs696.21 crore in Panchkula, Haryana, in connection with its ongoing money laundering investigation against PACL Ltd and its associates. The action comes under the provisions of the Prevention of Money Laundering Act (PMLA), 2002. The case, originally registered by the central bureau of investigation (CBI) in 2014, pertains to one of the country’s largest financial frauds, where PACL and its group entities allegedly raised about Rs48,000 crore from lakhs of unsuspecting investors through fraudulent collective investment schemes. According to ED, the funds collected from investors were routed through a complex web of layering and diversion to conceal their illicit

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