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. PACL investors can check their application form and made rectification, if any till 31 July...
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 0.83 million investors of PACL.
In a release, market regulator Securities and Exchange Board...
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.
In a release SEBI says, "The Justice RM Lodha (retd) Committee has received complaints from investors that they are receiving...
Several desperate investors, who have lost money in PACL Ltd. are now receiving fraud messages about refunds that could dupe them all over again. These messages claim they are about providing a refund, but actually ask PACL investors to pay 10% of the claim amount as goods and services tax...
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.
Following...
