Now Reading: ED attaches PACL properties worth Rs 567.45 crore
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ED attaches PACL properties worth Rs 567.45 crore
The Enforcement Directorate attached 48 immovable properties worth Rs 567.45 crore in Mumbai, Pune and Raigad under the Prevention of Money Laundering Act, 2002. The properties are held in the names of Prateek Kumar, Ansh Prateek Kumar and three entities, the agency said.
The action relates to PACL’s alleged Rs 48,000-crore collective investment scheme. The ED said PACL mobilised more than Rs 48,000 crore from lakhs of investors for agricultural land, but land was not delivered in most cases, leaving dues of around Rs 48,000 crore. The CBI filed charges against 33 accused. The ED said its cumulative attachments in the case now total around Rs 30,235.21 crore. An open-ended non-bailable warrant against Prateek Kumar was issued on 9 April 2025.
Indian Opinion Analysis
The Hans India and Yes Punjab provide uniform straight reporting, relying on the ED’s account and repeating the same figures, names and procedural history. Both foreground the latest property attachment while presenting the alleged investor losses and diverted funds as agency claims. Neither adds a response from the named individuals or entities, nor reports an outcome from the criminal proceedings. The agency’s cumulative attachment figure is around Rs 30,235.21 crore.
Coverage: 2 sources, 2 neutral
Sources (2): thehansindia.com (neutral report), yespunjab.com (neutral report)
This brief was synthesised by AI from the 2 sources linked above, so one read covers every framing they carry. Methodology and corrections.
