The largest attachment order of Rs 10,000 crore in the Pearl Group case, action will be taken on 247 immovable properties.:The ED issued this order as part of a money laundering investigation.

News Topical, Digital Desk : The Enforcement Directorate (ED) on Wednesday said it has issued attachment orders for 247 immovable properties worth over Rs 10,000 crore as part of a money laundering probe against Chandigarh-based PACL (Pearl Group), the largest single attachment order so far, in connection with a Rs 48,000 crore Ponzi scheme.

According to an ED statement, the properties provisionally seized under the Prevention of Money Laundering Act (PMLA) are located in SAS Nagar (Mohali), Rupnagar, and Zirakpur in Punjab. The 247 properties seized have been identified as acquired with investors' funds that are part of the proceeds of crime. Their value is estimated at ₹10,021.46 crore.

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ED officials said this is possibly the largest single attachment order issued by the agency so far, both in terms of value and number of properties. The ED investigation relates to a case registered by the CBI in February 2014 against PACL Limited, its late promoter Nirmal Bhangu and some others.

Bank deposits worth Rs 500 crore attached in Winzo case The CBI on Wednesday said it has attached deposits worth over Rs 500 crore in bank accounts in the US and Singapore as part of a money laundering probe against real-money online gaming app Winzo and its promoters.

The order for attachment of these movable properties was issued under the PMLA, the agency said in a statement. In another case, the ED has seized assets worth Rs 39 lakh belonging to Malayalam actor Jayasuriya as part of a money laundering probe into alleged fraud.