Court orders restitution of assets worth ₹9,420.57 crore to Justice Lodha Committee in PACL case
The ED probe is based on a case registered by the CBI against PACL Ltd. and its promoters for allegedly defrauding lakhs of investors; the agency has so far attached assets worth nearly to ₹28,626 crore in India and Australia
A court has mandated the return of assets valued at ₹9,420.57 crore to the Justice Lodha Committee. This directive is connected to the ongoing investigation into PACL Ltd. The Enforcement Directorate (ED) initiated its probe following a case filed by the CBI against PACL and its promoters for allegedly defrauding numerous investors. To date, the ED has successfully attached assets worth approximately ₹28,626 crore, located both within India and in Australia.
This decision is significant as it moves towards recovering substantial funds for investors who were allegedly defrauded by PACL Ltd.
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