ED seizes PACL shares valued at ₹42.13 crore in money laundering probe

The Enforcement Directorate has moved to attach equity shares valued at ₹42.13 crore in connection with the PACL money laundering investigation. The action represents the latest development in the ongoing probe into the case, which has drawn scrutiny from multiple law enforcement agencies.

The ED's investigation is grounded in a case originally registered by the Central Bureau of Investigation. The CBI has since filed both a chargesheet and a supplementary chargesheet against a total of 33 accused persons in relation to the matter.

The attachment of shares marks a significant step in the Enforcement Directorate's efforts to trace and recover assets allegedly linked to the case. Such measures are typically undertaken under provisions of the Prevention of Money Laundering Act to restrain assets from being dissipated during the course of investigations.

The PACL case has attracted sustained attention from financial crime investigators as authorities seek to uncover the full extent of alleged irregularities. The coordinated approach between the CBI and ED underscores the seriousness with which the matter is being pursued across India's law enforcement apparatus.