Thu Sep 18 16:25:17 UTC 2025: Here’s a summary of the text, followed by a news article based on it:

**Summary:**

India’s Enforcement Directorate (ED) has seized properties worth ₹696.21 crore linked to the massive ₹48,000-crore PACL Limited fraud case. The case involves fraudulent collective investment schemes through which PACL and its associates allegedly misappropriated funds from investors. The ED’s action, based on a CBI FIR, targets properties held under various entities and brings the total ED attachment in the case to approximately ₹2,165 crore, including domestic and foreign assets.

**News Article:**

**Enforcement Directorate Seizes ₹696 Crore in PACL Fraud Case**

**New Delhi, September 18, 2025** – The Enforcement Directorate (ED) has intensified its crackdown on the ₹48,000-crore PACL Limited fraud, attaching properties valued at ₹696.21 crore. This latest seizure, announced late Wednesday, is connected to the alleged misappropriation of funds from investors through fraudulent collective investment schemes.

The ED’s investigation, initiated under the Prevention of Money Laundering Act (PMLA), stems from a First Information Report (FIR) filed by the Central Bureau of Investigation (CBI) against PACL Ltd., PGF Ltd., the late Nirmal Singh Bhangoo, and others. The agency alleges that PACL and its associates deceitfully raised and misused approximately ₹48,000 crore from unsuspecting investors.

According to the ED, a portion of these ill-gotten gains was used to acquire 11 immovable properties, now seized, which are held in the names of entities including DSS Megacity Pvt. Ltd., Saramati Realtors Pvt. Ltd., and several other related companies.

“A part of the tainted funds was utilised for the acquisition of 11 immovable properties, valued at ₹696.21 crore,” the agency stated in its press release.

With this latest action, the ED has now attached movable and immovable properties totaling around ₹2,165 crore in the PACL case. These assets include both domestic properties located across India and foreign assets. The ED has already filed a prosecution complaint and two supplementary prosecution complaints in the matter.

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