The Enforcement Directorate has provisionally attached 37 immovable properties worth about ₹1,986.48 crore in connection with a case alleging misappropriation of over ₹48,000 crore by PACL Limited and others.
They are located in Punjab’s Ludhiana and Jaipur in Rajasthan, said the agency on Monday (January 26, 2026). The total value of attachment in the case so far stands at about ₹7,589 crore, including the properties located abroad.
The ED probe is based on a First Information Report registered by the Central Bureau of Investigation on February 19, 2014.
ED attaches ₹3,436.56 crore in assets over links to PACL ‘fraud’
According to the agency, the accused entities and individuals operated an illegal collective investment scheme, fraudulently mobilising more than ₹60,000 crore from lakhs of investors across India under the guise of the sale and development of agricultural land.
