ED takes big action in PACL scam! Raids on 19 locations of former minister Pratap Singh Khachariyawas. Possibility of investment in property with the scam money.

Jaipur. There has been a new twist in the investigation of PACL scam, one of the biggest chit fund scams in the country. The Enforcement Directorate (ED) has conducted simultaneous raids on 19 locations of former Rajasthan minister and Congress leader Pratap Singh Khachariyawas on Tuesday morning. This action started at around 5 am in Jaipur's Civil Lines area and other districts of Rajasthan.

There is a case of fraud of 48 thousand crores 

According to sources, there is a possibility of money being transferred to the accounts of Pratap Singh and his family members in the case of fraud of about 48 thousand crores done with investors in the PACL scam. It is also being said that a large part of this amount has been invested in property and other sectors. ED is investigating these investments in detail. This scam started in 2011, when the first FIR was registered in Chaumun police station area of ​​​​Jaipur. After this, the matter reached the Supreme Court, where a committee was formed in 2016 under the chairmanship of Justice RM Lodha. The court had ordered that the properties of PACL be auctioned and the investors should be returned their money with interest.

In Rajasthan, 28 lakh people had invested Rs 2850 crore

• According to SEBI, the total assets of the company are worth Rs 1.86 lakh crore, which is many times more than the money deposited by investors. In Rajasthan alone, 28 lakh people had invested Rs 2850 crore in this company.
• ED's action indicates that this case has now reached a decisive turn. More big revelations and seizures may take place in the coming days.