India's ED attaches ₹5,046 crore in properties linked to a ₹48,000 crore Ponzi scheme defrauding millions.

The Enforcement Directorate has attached 126 immovable properties worth ₹5,046.91 crore in Punjab and Delhi as part of a money laundering probe into PACL Ltd, linked to a ₹48,000 crore alleged Ponzi scheme. The assets, deemed proceeds of crime under the PMLA, bring the total value of seized properties—both in India and abroad—to ₹22,656.91 crore. The investigation stems from a 2014 CBI FIR prompted by Supreme Court directives, targeting a fraudulent investment scheme that misled lakhs of investors with false promises of agricultural land development, resulting in unpaid funds and no land delivery. The ED has filed multiple prosecution complaints since 2018, including recent ones in 2022, 2025, and 2026, all accepted by the special PMLA court.