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SEBI Panel Says, PACL (Pearl Agrotech) Refund Portal Will Not Be Accessible For 5 Days
A high-powered Sebi (Securities and Exchange Board of India) committee, which is looking into the refund process of PACL (Pearl Agrotech Corporation Limited) investors, today said the refund portal will not be accessible for five days due to technical issues.
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Probe Agency Files Chargesheet Against Realty Firm In 48,000 Crore Scam
The Enforcement Directorate on Wednesday filed a charge sheet against PACL Ltd and its director Nirmal Singh Bhangoo and others in a money laundering probe in the PACL ponzi scam case.
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Sebi Imposes Rs 2,423 Crore Fine On PACL, Four Directors
The penalty is for illegal fund mobilisation through various schemes that the group used to garner over Rs 49,000 crore from the public.
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PACL Case: Sebi Invites Bids For Sale Of Properties
PACL, which had raised money from the public in the name of agriculture and real estate businesses, was found by Sebi to have collected these funds through illegal collective investment schemes over 18 years.
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Sebi Orders Freezing Of Demat, Bank A/C Of PACL's 640 Group Companies
Seeking to recover more than Rs 55,000 crore of investors' money from PACL Group, regulator Sebi has ordered freezing of bank accounts as well as demat and mutual fund holdings of as many as 640 group entities.
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PACL Auction: Sebi Gets Buyers For 30 Luxury Cars
Looking to sell off attached properties of PACL to recover investors' money, Sebi has found buyers for 30 luxury cars of the embattled group in an online auction including of BMW, Audi, Porsche and Rolls Royce make.
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PACL Case: Sebi Puts On Sale Properties Across 192 Districts
Moving ahead with its efforts to recover funds worth Rs 60,000 crore in the PACL case, the Securities and Exchange Board of India (Sebi) has put on sale real estate properties of the group across 192 districts, including in Punjab and Rajasthan.
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Sebi Cautions Public Against Dealing With PACL Assets
The Securities and Exchange Board of India (Sebi) has cautioned public at large against dealing with any property where PACL and its promoters have interests as the regulator pursues efforts to recover Rs 60,000 crore in the case to refund investors.
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Sebi Begins Auction Of Two PACL Properties
Sebi on Tuesday held an e-auction of two properties belonging to the PACL group as part of its efforts to recover funds totalling Rs 60,000 crore. The auction was carried out by HDFC Realty on behalf of the market regulator.
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Sebi Cautions PACL Investors Against Fake Refund Promises
Cautioning investors in the over Rs 50,000-crore PACL case, the Securities and Exchange Board of India (Sebi) has asked them to guard against unauthorised attempts to collect their property and investment documents.
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Sebi Launches Auction Process For PACL Assets
To recover funds totalling about Rs 60,000 crore for repayment to investors in the PACL case, the Securities and Exchange Board of India (Sebi) on Sunday initiated a sale process for the attached assets of the group and said an e-auction would be held for some properties on July 5.
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Do Not Yield to Pressure From PACL: Sebi to Investors
As the Securities and Exchange Board of India (Sebi) tightens the noose on PACL for refunding over Rs 49,000 crore raised through illegal money pooling activities, the market regulator has cautioned investors against yielding "to any pressure" from the group or its agents for converting existing schemes.
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PACL Head Bhangoo Arrested Over Alleged Rs 45,000-Crore Investment Scam
Central Bureau of Investigation (CBI) on Friday arrested the founder of PACL Ltd over allegations the property company cheated investors of $6.8 billion (about Rs 45,000 crore), in what local media is calling the country's biggest financial scandal.
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PACL Promoter Approaches Tribunal Against Sebi's Recovery Order
Facing heat from multiple agencies in the country's biggest illegal fund-mobilisation case involving nearly Rs 60,000 crore, PACL's Nirmal Singh Bhangoo on Wednesday approached the Securities Appellate Tribunal (SAT) against Sebi's recovery proceedings to collect funds due to investors.
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Sebi Begins Seizing Assets of Property Firm PACL
The Securities and Exchange Board of India (Sebi) said on Monday it had begun seizing bank accounts and financial assets owned by PACL Ltd and its directors, saying the property developer had failed to refund $7.3 billion to investors as ordered.
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SEBI Panel Says, PACL (Pearl Agrotech) Refund Portal Will Not Be Accessible For 5 Days
A high-powered Sebi (Securities and Exchange Board of India) committee, which is looking into the refund process of PACL (Pearl Agrotech Corporation Limited) investors, today said the refund portal will not be accessible for five days due to technical issues.
-
Probe Agency Files Chargesheet Against Realty Firm In 48,000 Crore Scam
The Enforcement Directorate on Wednesday filed a charge sheet against PACL Ltd and its director Nirmal Singh Bhangoo and others in a money laundering probe in the PACL ponzi scam case.
-
Sebi Imposes Rs 2,423 Crore Fine On PACL, Four Directors
The penalty is for illegal fund mobilisation through various schemes that the group used to garner over Rs 49,000 crore from the public.
-
PACL Case: Sebi Invites Bids For Sale Of Properties
PACL, which had raised money from the public in the name of agriculture and real estate businesses, was found by Sebi to have collected these funds through illegal collective investment schemes over 18 years.
-
Sebi Orders Freezing Of Demat, Bank A/C Of PACL's 640 Group Companies
Seeking to recover more than Rs 55,000 crore of investors' money from PACL Group, regulator Sebi has ordered freezing of bank accounts as well as demat and mutual fund holdings of as many as 640 group entities.
-
PACL Auction: Sebi Gets Buyers For 30 Luxury Cars
Looking to sell off attached properties of PACL to recover investors' money, Sebi has found buyers for 30 luxury cars of the embattled group in an online auction including of BMW, Audi, Porsche and Rolls Royce make.
-
PACL Case: Sebi Puts On Sale Properties Across 192 Districts
Moving ahead with its efforts to recover funds worth Rs 60,000 crore in the PACL case, the Securities and Exchange Board of India (Sebi) has put on sale real estate properties of the group across 192 districts, including in Punjab and Rajasthan.
-
Sebi Cautions Public Against Dealing With PACL Assets
The Securities and Exchange Board of India (Sebi) has cautioned public at large against dealing with any property where PACL and its promoters have interests as the regulator pursues efforts to recover Rs 60,000 crore in the case to refund investors.
-
Sebi Begins Auction Of Two PACL Properties
Sebi on Tuesday held an e-auction of two properties belonging to the PACL group as part of its efforts to recover funds totalling Rs 60,000 crore. The auction was carried out by HDFC Realty on behalf of the market regulator.
-
Sebi Cautions PACL Investors Against Fake Refund Promises
Cautioning investors in the over Rs 50,000-crore PACL case, the Securities and Exchange Board of India (Sebi) has asked them to guard against unauthorised attempts to collect their property and investment documents.
-
Sebi Launches Auction Process For PACL Assets
To recover funds totalling about Rs 60,000 crore for repayment to investors in the PACL case, the Securities and Exchange Board of India (Sebi) on Sunday initiated a sale process for the attached assets of the group and said an e-auction would be held for some properties on July 5.
-
Do Not Yield to Pressure From PACL: Sebi to Investors
As the Securities and Exchange Board of India (Sebi) tightens the noose on PACL for refunding over Rs 49,000 crore raised through illegal money pooling activities, the market regulator has cautioned investors against yielding "to any pressure" from the group or its agents for converting existing schemes.
-
PACL Head Bhangoo Arrested Over Alleged Rs 45,000-Crore Investment Scam
Central Bureau of Investigation (CBI) on Friday arrested the founder of PACL Ltd over allegations the property company cheated investors of $6.8 billion (about Rs 45,000 crore), in what local media is calling the country's biggest financial scandal.
-
PACL Promoter Approaches Tribunal Against Sebi's Recovery Order
Facing heat from multiple agencies in the country's biggest illegal fund-mobilisation case involving nearly Rs 60,000 crore, PACL's Nirmal Singh Bhangoo on Wednesday approached the Securities Appellate Tribunal (SAT) against Sebi's recovery proceedings to collect funds due to investors.
-
Sebi Begins Seizing Assets of Property Firm PACL
The Securities and Exchange Board of India (Sebi) said on Monday it had begun seizing bank accounts and financial assets owned by PACL Ltd and its directors, saying the property developer had failed to refund $7.3 billion to investors as ordered.
