The Enforcement Directorate has issued what it describes as its largest-ever single provisional attachment order, freezing 247 immovable properties worth more than ₹10,000 crore in connection with its money laundering probe against Chandigarh-based PACL, also known as the Pearls Group.

The agency is investigating PACL over allegations that it ran a Ponzi scheme estimated at around ₹48,000 crore, allegedly collecting funds from investors across the country. According to the ED, the attached properties were purchased using investor money and have been identified as proceeds of crime.

The assets have been provisionally attached under the Prevention of Money Laundering Act. They are located in SAS Nagar (Mohali), Rupnagar and Zirakpur in Punjab. The ED said the 247 properties have been collectively valued at over ₹10,000 crore.

The investigation into PACL has been ongoing for several years, with multiple actions taken to trace and secure assets allegedly acquired through fraudulent investment schemes.