Pacl

Rs 45,000 cr raised, Rs 60,000 cr to be refunded: Charting out the PACL realty scam

Sebi's biggest penalty: PACL told to pay up Rs 7,269 cr for duping investors

Promoters and directors of PACL have been involved with the Pearls group and the PGF group, among others

Sebi warns public against illicit money pooling schemes

The warning to investors comes after Sebi observed that certain entities were mobilising money through illegal investment schemes even after the regulator had directed them not to raise any further money and not to launch any new schemes, among others.

PACL says cooperating with probe agencies, rejects allegations

The Securities and Exchange Board of India (Sebi), last week, ordered the company to return close to Rs 50,000 crore raised from investors after finding that the company had failed to register its investment scheme.<br />

Magnetic pillows to a Rs 50,000 cr empire: How PACL, Nirmal Singh Bhangoo made it big

There have been many ponzi schemes in India's history and then there's Pearls Agrotech Corporation Limited, better known as PACL.

PACL's Rs 50,000 cr ponzi scheme is worse than Sahara's. Why is Sebi going soft on it?

The Sebi could have asked PACL to handover Rs 49,100 crore to it; it is not enough to ask the company to pay back the amount itself

Will go to appellate tribunal against Sebi's order to refund Rs 50,000 cr, says PACL

PACL said it "would also like to remind its customers that it has always kept their interest paramount and would continue to do so". <br />

The question Saradha raises: Are India's poor unknowingly funding terror outfits?

The bigger concern is where did all the money raised by Saharas and PACLs - by defrauding the poor - go

How PACL ran a Rs 50,000 cr ponzi scheme

The Securities and Exchange Board of India(Sebi) in an order issued on August 23, 2014, banned Delhi based PACL, from collecting any more money from investors. Sebi also asked PACL to refund the money to investors over the next three months.<br />

PACL to move SAT against Sebi order to refund Rs 49100 crore to investors

Facing a Sebi order with charges of running an illicit money pooling scheme worth about Rs 50,000 crore, Pearl Agrotech Corporation (PACL) on Sunday said it will approach the Securities Appellate Tribunal (SAT) against the directive of the capital markets regulator.<br />