PACL fraud

The Enforcement Directorate (ED) on Monday facilitated the transfer of 455 immovable properties worth about Rs 15,582 crore to the Justice RM Lodha Committee in the Pearls Agrotech Corporation Limited (PACL) financial fraud case. The agency carried out the transfer under the Prevention of Money Laundering Act (PMLA), 2002, to enable compensation for lakhs of investors affected by the alleged fraud. Attachments in the case have now reached Rs 27,030 crore.