The record
Written from the 1 report below. Nothing here is unsourced.
- The Enforcement Directorate has attached 29,46,341 equity shares worth ₹42.13 crore held by N.N.
- Financial Services Private Limited in the PACL money laundering case.
- The shares are of Industrial Investment Trust Limited and were attached under the Prevention of Money Laundering Act.
- The ED says the shares were bought for ₹30.90 crore using funds diverted from PACL, which had been collected from investors.
- The total assets attached by the ED in the PACL case now stand at ₹29,667.76 crore, including properties in India and abroad.
- The case stems from an illegal collective investment scheme through which about ₹48,000 crore was mobilised from lakhs of investors, and most of that amount remains unpaid because land was never delivered.
What to watch next
- Whether the attached shares are later confirmed as permanently seized under the Prevention of Money Laundering Act.
- Further ED prosecution complaints or attachments involving the 33 accused persons named by the CBI.
- Steps towards restitution of money to investors, since about ₹48,000 crore remains unpaid.
Who said what2
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Enforcement Directorate
2 quotes · 1 outlet
“The investigation revealed that equity shares of Industrial Investment Trust Limited, held by N.N. Financial Services Private Limited, were financed using funds diverted from PACL, which were originally collected from gullible investors, constituting proceeds of crime”
In the article
…in connection with the PACL case. The 29,46,341 shares, currently worth about ₹42.13 crore, have been attached under the Prevention of Money Laundering Act. They were bought for a consideration of ₹30.90 crore. “ The investigation revealed that equity shares of Industrial Investment Trust Limited, held by N.N. Financial Services Private Limited, were financed using funds diverted from PACL, which were originally collected from gullible investors, constituting proceeds of crime ,” said the agency on Saturday (September 19, 2026). The ED has attached movable and immovable properties worth ₹29,667.76 crore, including assets located in India and abroad, in the case so far. The ED probe is based…
“Investors were induced to invest under Cash Down Payment and Instalment Payment Plans, and were made to sign misleading documents such as agreements, powers of attorney and other instruments. In most cases, land was never delivered, and approximately ₹48,000 crore remains unpaid to investors”
In the article
…entities and persons operated an illegal collective investment scheme, fraudulently mobilising over ₹48,000 crore from lakhs of investors across India on the pretext of sale and development of agricultural land. “ Investors were induced to invest under Cash Down Payment and Instalment Payment Plans, and were made to sign misleading documents such as agreements, powers of attorney and other instruments. In most cases, land was never delivered, and approximately ₹48,000 crore remains unpaid to investors ,” said the ED. The ED initiated its investigation in 2016 and filed a prosecution complaint in 2018, followed by six supplementary prosecution complaints in 2022, 2025, and 2026, against various accused persons and…
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Coverage1
All filed from India
Named India · Industrial Investment Trust Limited · N.N. Financial Services Private Limited · Central Bureau of Investigation · Enforcement Directorate · PACL
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