The CBI’s investigation of two real estate companies — Pearl Agrotech Corporation Ltd (PACL) and Pearls Golden Forest Ltd (PGF) — has revealed that the accused firms allegedly purchased immovable prop
The CBI’s investigation of two real estate companies — Pearl Agrotech Corporation Ltd (PACL) and Pearls Golden Forest Ltd (PGF) — has revealed that the accused firms allegedly purchased immovable properties worth several crores of rupees at prime locations in the national capital. Properties allegedly owned by the firms include 66 offices in three commercial buildings in the posh Connaught Place area in central Delhi, sources said.
According to sources, during the custodial interrogation of PGF Ltd CMD Nirmal Singh Bhangoo agency sleuths found that the accused firms had purchased large tracts of land in the national capital, offices in posh localities and farm houses at the Delhi-Gurgaon border. They said questioning of Mr Bhangoo, along with PACL MD and promoter-director Sukhdev Singh, executive director (finance) Gurmeet Singh and ED Subrata Bhattacharya, who are in CBI custody in connection with the Rs 45,000-crore alleged Ponzi scam, has shown that the company purchased 553 acres of land in outer Delhi.
