US EditionHow A Milkman Duped 5.5 Crore Indians Of Inr 50,000 Crores
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How A Milkman Duped 5.5 Crore Indians Of Inr 50,000 Crores
In the dusty lanes of Punjab, Nirmal Singh Bhangoo started off as a humble milkman. Few could have guessed that he would go on to orchestrate one of India’s biggest financial scams — a Ponzi scheme worth nearly ₹50,000 crore. The PACL scam, also known as the Pearl Group scam, not only spanned nearly three decades but also left 5.5 crore Indians defrauded, shaking the very foundations of financial trust in the country. What made this fraud so ma…
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