New Delhi: A Special Court under the Prevention of Money Laundering Act (PMLA) at Rouse Avenue Courts has ordered the confiscation of properties belonging to M/s PACL Ltd. and directed that the assets be restituted and handed over to the Justice RM Lodha Committee for the benefit of investors affected by the PACL scheme.
The order was passed by Special Judge Satish Kumar in proceedings arising from the Enforcement Directorate's money laundering investigation relating to PACL and its associated entities.
