The Enforcement Directorate (ED) has attached 37 immovable properties valued at about ₹1,986.48 crore. These properties are part of a case accusing PACL Limited and others of misusing over ₹48,000 crore. The seized properties are located in Ludhiana, Punjab, and Jaipur, Rajasthan, the agency said on Monday, January 26, 2026. So far, the total property attachment value in this case is around ₹7,589 crore, including assets abroad. The probe started after the Central Bureau of Investigation (CBI) filed a First Information Report on February 19, 2014. The ED says the accused ran an illegal collective investment scheme. They raised more than ₹60,000 crore from investors across India by pretending to sell and develop agricultural land. Investors paid through cash and installment plans and signed misleading documents. But most never received any land. "About ₹48,000 crore remains unpaid to investors," the ED stated. The scheme used fake entities and reverse sales to hide the crime and make illegal profits. The stolen money was moved through many companies. It eventually reached bank accounts of the late PACL group chief Nirmal Singh Bhangoo, his family, associates, and related firms. This money helped buy properties in their names. During the investigation, the ED issued non-bailable warrants against Bhangoo’s wife Prem Kaur, daughters Barinder Kaur and Sukhwinder Kaur, son-in-law Gurpratap Singh, and close associate Prateek Kumar. The case was registered under the Prevention of Money Laundering Act in 2016. The ED filed prosecution complaints in 2018, 2022, and 2025. The special court has accepted all complaints for trial.