Overview
- ED said the 247 immovable assets constitute its highest-value single attachment order in a money-laundering case.
- The properties in SAS Nagar (Mohali), Rupnagar, Zirakpur and Mohali were traced to investor funds and tagged as proceeds of crime.
- With the latest action, cumulative attachments in the PACL probe stand at roughly ₹17,610 crore, including earlier assets abroad.
- The investigation stems from a 2014 CBI FIR; PACL is accused of raising about ₹48,000 crore from lakhs of investors through an illegal land-linked investment scheme.
- A Supreme Court-directed SEBI committee led by former CJI R. M. Lodha remains tasked with disposing of PACL land and returning proceeds to investors.