India  

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

IndiaTimes 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.
0
shares
ShareTweetSavePostSend
 

You Might Like


Related videos from verified sources

Stable Opinion Vice President ShaveZ Anwar [Video]

Stable Opinion Vice President ShaveZ Anwar

Welcome to "The Crypto Ponzi Scheme Avenger," your go-to channel for uncovering fraud and protecting investors' interests. I'm Danny de Hek, aka The Crypto Ponzi..

Credit: RumblePublished
No Middlemen, No Misuse: PM Modi Hails PM-Kisan as Proof of BJP’s Direct Governance Model [Video]

No Middlemen, No Misuse: PM Modi Hails PM-Kisan as Proof of BJP’s Direct Governance Model

Addressing a public rally in Kashi, Prime Minister Modi called the PM-Kisan scheme a testament to the BJP government's honest delivery, highlighting how ₹3.75 lakh crore was directly transferred to..

Credit: Oneindia     Duration: 07:03Published