Market regulator Securities and Exchange Board of India (SEBI) ordered attachment of properties related to PACL Ltd in an illegal fundraising case as part of efforts to recover thousands of crores of investors’ money.

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As many as over 12.7 lakh investors of PACL Ltd, with a claim of up to Rs10,000 have received more than Rs438 crore, says market regulator Securities and Exchange Board of India (SEBI).

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The Justice RM Lodha (retd) Committee appointed in the PACL Ltd matter has decided to allow investors or applicants with claims of up to Rs5,000 to rectify deficiencies found in their applications

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The Justice RM Lodha (retd) Committee appointed in the PACL Ltd matter has initiated the process of payment to investors. Till date the Justice Lodha Committee has refunded money to over 8.31 lakh investors of PACL.

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Market regulator Securities and Exchange Board of India (SEBI) has warned investors of PACL Ltd not to respond from any mails sent by Sebirefunds.org.

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Several desperate investors, who have lost money in PACL Ltd are now receiving fraud messages about refunds that could dupe them all over again.

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Thousands of desperate investors, who have lost money in PACL Ltd are pleading for an extension of time to submit their refund claims. PACL (or Pearls) is one of the largest Ponzi schemes in India which had been allowed to run for decades amassing over Rs49,000 crore.

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The Justice RM Lodha (retd) Committee appointed in the PACL Ltd matter has decided to extend the last date for receiving claim applications till 31 July 2019

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Market regulator Securities and Exchange Board of India (SEBI) had said the Justice RM Lodha Committee has decided to allow investors to file claims for PACL Ltd. The claim application for refund from PACL can be filed till 30 April 2019.

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Market regulator Securities and Exchange Board of India (SEBI) has said the Justice RM Lodha Committee has decided to allow investors to file claims for PACL Ltd

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The Securities and Exchange Board of India (SEBI) has disclosed details of 29,000 properties of PACL, the massive ponzi scheme that went bust. These details, says SEBI in a press release issued today, are available on the website www.auctionpacl.com .

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Market regulator Securities and Exchange Board of India (SEBI) said the Justice RM Lodha Committee appointed by the Supreme Court has paid up to Rs2,500 each to 1,13,352 investors of PACL Ltd (erstwhile Pearls), who had filed the claims in prescribed forms.

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The Australian Federal Court had accepted claim filed by Securities and Exchange Board of India (SEBI) on assets of PACL Ltd (erstwhile Pearls) in that country

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The Enforcement Directorate on Wednesday filed a charge sheet against PACL Ltd (erstwhile Pearls) and its chief Nirmal Singh Bhangoo in connection with a Ponzi scam involving over Rs49,100 crore, which was collected allegedly by two companies from 5.5 crore investors.

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Market regulator Securities and Exchange Board of India (SEBI) said, PACL Ltd (erstwhile Pearls) has increased its offer to Rs23,000 from Rs20,000 to buy own properties. Due to this, the Justice RM Lodha Committee appointed by the Supreme Court has decided to invite final counter or revised proposals from interested parties

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Market regulator Securities and Exchange Board of India (SEBI) said the Justice RM Lodha Committee appointed by the Supreme Court has received counter proposals from eight parties for properties of PACL Ltd

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The Committee has received representations and applications from various investors requesting it to extend the deadline for receipt of claim applications from investors

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Rallying under the banner of Janlok Pratishthan, these investors of erstwhile Pearls Infrastructure Projects will march to the SEBI headquarters

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According to the ED statement, the PACL directly and through its 43 front companies during 2009 to 2014 invested an amount of Rs 650 crore in its group company PIPL which further invested Rs 147 crore in 2010 for acquiring 50 per cent of shares of Australia-based Miiresorts Group 1 Pty Ltd

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