Ferozepur, August 17, 2017: Today, Pear Agrotech Corporation Ltd - PACL victim on a call from Insaaf Ki Awaz, today left for Ludhiana to participate in the massive rally organized at Ludhiana to lodge a strong protest for arranging the refund to the investors.
Lakhs of people who have been duped by Delhi-based real estate company PACL (Pearls) have formed the PACL (Pearls) Investors’ Association and Insaaf Di Awaaz in Punjab, to fight for getting their money back. A Rs.45,000 crore ponzi scheme, which is now said to have become Rs.57,000 with interest that employed 23 lakh people who trapped 5.5 crore victims, are now on roads waiting for their refunds.
A group of investors also left for Ludhiana in the morning by train to join the rally and the investors were happy with the slow process of the government for disposing of the property.
One of the investor said, the properties are not direct in the name of the owner – who is behind the bars, creating a hindrance in the disposal of the same.
The Ludhiana-Delhi rail track was blocked causing inconvenience to the railways in running the trains and the trains had to be stopped at Ludhiana, Phillaur and Phagwara railway stations.
Added here, Nirmal Singh Bhangoo, the prime accused in the Rs 45,000-crore Pearls Group scam, is facing trial in Delhi for allegedly duping around 5.5 crore investors of Pearl Group of Companies by promising them agricultural plots and high returns on their investments. Bhangoo was the main sponsor of Deputy Chief Minister Sukhbir Singh Badal’s pet event — Kabaddi World Cup.