Rs 49,000 crore ponzi scheme: Pearls Agro-Tech director Gurnam Singh arrested; EOW says 5 crore investors duped in one of India’s biggest financial frauds
Friday, 11 July 2025 () Uttar Pradesh's Economic Offences Wing arrested Gurnam Singh, a director at Pearls Agro-Tech Corporation Limited, for his involvement in a massive Rs 49,000 crore Ponzi scheme. PACL allegedly defrauded five crore investors across 10 states by promising land plots and high returns, but failed to deliver. The company operated without proper NBFC registration, luring investors with deceptive real estate schemes.
Welcome to "The Crypto Ponzi Scheme Avenger" channel, where we expose and shame those running or promoting Ponzi schemes and scams. I'm Danny de Hek, also known as The Crypto..
Friday, 11 July 2025 ()
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