The Enforcement Directorate (ED) has initiated drastic steps in the case of massive money laundering through the company known as PACL Limited. Provisional attachment order was issued by the ED's Delhi Zonal Office for equity shares of ₹42.13 crore belonging to M/s Industrial Investment Trust Limited, which was owned by M/s N.N. Financial Services Private Limited. Provisional attachment order has been made under the provisions of the Prevention of Money Laundering Act (PMLA), 2002.

The ED took this action in the context of investigations of the case of major financial frauds committed by the entity known as PACL Limited and its associated companies. This fraud case involved a collective investment scheme. The case was initiated by the ED based on the FIR that was filed by the Central Bureau of Investigation (CBI). CBI filed charge sheets and supplementary charge sheets against 33 accused entities in the case of illegal collective investment scheme.

According to charge sheets, accused entities and individuals collected more than ₹48,000 crore from lakhs of investors in the name of selling and developing agricultural land. Investors were induced to invest cash and in installments and sign certain misleading documents such as agreement and power of attorney documents. In most of the cases, the alleged land was not provided to them, and there were outstanding payments of about ₹48,000 crore.

In its latest action, the ED has attached 29,46,341 equity shares of M/s Industrial Investment Trust Limited. These shares were held by M/s N.N. Financial Services Private Limited. These shares were purchased for ₹30.90 crore. Their current market value on September 18 was ₹42,13,26,763. Their value per share was estimated at ₹143. The investigation revealed that these shares were financed with funds diverted from PACL. This money was originally collected from investors and was part of the proceeds of crime.

The ED filed an Enforcement Case Information Report (ECIR) in this case in 2016. Subsequently, a prosecution complaint was filed in 2018. Six supplementary prosecution complaints were also filed in 2022, 2025, and 2026 against various accused individuals and entities involved in the money laundering. This indicates that the investigation has been ongoing for several years.

With this latest attachment, the ED has so far attached movable and immovable properties worth approximately ₹29,667.76 crore. This includes assets located both in India and abroad. This figure reflects the gravity of this massive financial fraud. Further investigation is ongoing.

The Enforcement Directorate (ED) has initiated drastic steps in the case of massive money laundering through the company known as PACL Limited. Provisional attachment order was issued by the ED's Delhi Zonal Office for equity shares of ₹42.13 crore belonging to M/s Industrial Investment Trust Limited, which was owned by M/s N.N. Financial Services Private Limited. Provisional attachment order has been made under the provisions of the Prevention of Money Laundering Act (PMLA), 2002.

The ED took this action in the context of investigations of the case of major financial frauds committed by the entity known as PACL Limited and its associated companies. This fraud case involved a collective investment scheme. The case was initiated by the ED based on the FIR that was filed by the Central Bureau of Investigation (CBI). CBI filed charge sheets and supplementary charge sheets against 33 accused entities in the case of illegal collective investment scheme.

According to charge sheets, accused entities and individuals collected more than ₹48,000 crore from lakhs of investors in the name of selling and developing agricultural land. Investors were induced to invest cash and in installments and sign certain misleading documents such as agreement and power of attorney documents. In most of the cases, the alleged land was not provided to them, and there were outstanding payments of about ₹48,000 crore.

In its latest action, the ED has attached 29,46,341 equity shares of M/s Industrial Investment Trust Limited. These shares were held by M/s N.N. Financial Services Private Limited. These shares were purchased for ₹30.90 crore. Their current market value on September 18 was ₹42,13,26,763. Their value per share was estimated at ₹143. The investigation revealed that these shares were financed with funds diverted from PACL. This money was originally collected from investors and was part of the proceeds of crime.

The ED filed an Enforcement Case Information Report (ECIR) in this case in 2016. Subsequently, a prosecution complaint was filed in 2018. Six supplementary prosecution complaints were also filed in 2022, 2025, and 2026 against various accused individuals and entities involved in the money laundering. This indicates that the investigation has been ongoing for several years.

With this latest attachment, the ED has so far attached movable and immovable properties worth approximately ₹29,667.76 crore. This includes assets located both in India and abroad. This figure reflects the gravity of this massive financial fraud. Further investigation is ongoing.