So far, the CBI has arrested more than 11 accused in the famous Pearl scam of 60 thousand crores. Pearl Chit Fund Company is accused of duping five crore investors across the country on the pretext of lucrative schemes.
There will be a high-level investigation into the country’s famous Pearl Chit Fund scam. Punjab Chief Minister Bhagwant Mann on Thursday tweeted that an order has been issued for a high-level inquiry into Pearl, a chit fund company that has created billions of movable and immovable assets by looting the blood and sweat of the people of Punjab. Its details will be made public soon.
It is noteworthy that till now more than 11 accused have been arrested by the CBI in the famous Pearl scam of 60 thousand crores. Pearl Chit Fund Company is accused of duping five crore investors across the country on the pretext of lucrative schemes. The owners of this company bought many properties abroad with this money, including hotels. The CBI has made all these arrests from Delhi, Chandigarh, Kolkata, Bhubaneshwar, and some other states.
The CBI first registered a case against the Pearl Group under the direction of the Supreme Court. Pearl Group collected Rs 60,000 crore from five crore investors and ran different investment schemes across the country without permission and cheated the investors. After investigation, CBI registered a case against M/s PGF Ltd., M/s PACL Ltd., Nirmal Singh Bhangu, and other directors of Pearl Group.
During their investigation, Nirmal Singh Bhangu, Sukhdev Singh, Subrata Bhattacharya, and Gurmeet Singh were arrested on January 8, 2016. A charge sheet was filed against them on 7 April 2016. In this case, so far 11 accused, including the accused belonging to different groups and some traders, have been arrested from different states.