Real Estate Mumbai

ED Attaches 48 Maharashtra Properties Worth ₹567.45 Cr in PACL Scam

By GeoSquare News Desk · Published 2026-10-23

The Enforcement Directorate (ED) has provisionally attached 48 immovable properties worth ₹567.45 crore in Maharashtra as part of its probe into the PACL ponzi scam. The properties are spread across Pune, Mumbai and Raigad.

What is the PACL scam?

PACL (Pearl Agrochemicals) had collected thousands of crores from investors promising high returns on land development schemes. The ED's action is aimed at recovering the proceeds of the alleged fraud.

Impact on property buyers

The attachment means these properties cannot be sold or transferred without court approval. Buyers looking at such assets should exercise caution and conduct thorough due diligence on titles and encumbrances.

What happens next?

If the attachment is upheld, the properties may eventually be auctioned to repay investors. The ED's move also signals stricter enforcement against money laundering in real estate.