Meet Gurnam Singh, Mastermind Behind India’s Biggest Ponzi Scheme Scam

Who Is Gurnam Singh? Director Behind India’s ₹49,000 Crore PACL Land Scam Arrested

Gurnam Singh, 69, a director at Pearls Agro-Tech Corporation Limited (PACL), was arrested on July 11 by the Uttar Pradesh Economic Offences Wing in Rupnagar, Punjab. His arrest marks a major development in one of India’s biggest financial scams, involving a staggering ₹49,000 crore allegedly raised from nearly five crore people in the name of land investments. Gurnam Singh was a close aide of PACL founder Nirmal Singh Bhangoo and served as a key…

Meet Gurnam Singh, Mastermind Behind India’s Biggest Ponzi Scheme Scam

Lucknow: Gurnam Singh, the alleged mastermind behind India’s largest Ponzi scheme scam case, had been on the run for several years. Uttar Pradesh’s Economic Offences Wing (EOW) was finally rewarded after a renewed operation as Gurnam, the director of Pearls Agro-Tech Corporation Limited (PACL), was nabbed from Punjab Ropar district on Thursday. The 69-year-old Gurnam is accused of orchestrating a massive investment fraud worth over Rs 49,000 cro…

PACL Scam: Director Gurnam Singh Arrested in Rs 49,000 Crore Fraud Case

The Economic Offences Wing (EOW) of the Uttar Pradesh Police has arrested Gurnam Singh, director of Pearls Agro-Tech Corporation Limited (PACL), from Rupnagar district in Punjab, in connection with a massive Rs 49,000 crore Ponzi-like investment scam that has shaken India’s financial landscape. The 69-year-old is accused of orchestrating a fraudulent scheme that duped over […] The post PACL Scam: Director Gurnam Singh Arrested in Rs 49,000 Crore…