ED Attaches Properties Worth Rs 646 Crore in Pancard Club Money Laundering Case
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The ED has attached 211 immovable properties worth ₹646.58 crore under the PMLA in connection with Pancard Club Limited. The case relates to an alleged Ponzi scheme involving over 5.1 million investors. Read the full story.
ED attaches properties worth Rs 646 crore in Pancard Club money laundering case
The Enforcement Directorate's Mumbai wing has provisionally attached 211 immovable properties in the Pancard Clubs case. The assets, valued at about Rs 646.58 crore, were attached under the PMLA, 2002.
The <p style="text-align: justify;">Mumbai Zonal Office-I of the Enforcement Directorate (ED) has provisionally attached about 211 immovable properties worth 646.58 crore rupees in the money laundering case against Pancard Clubs Limited and others. This action has been taken under the Prevention of Money Laundering Act (PMLA), 2002</p>. <p style="text-align: justify;">According to the ED, the attached properties include commercial office spaces,…
ED Attaches 211 Properties Worth Rs 646 Crore in Pancard Clubs Ponzi Scheme Case
Mumbai, October 1, 2026 (Yes Punjab News) The Enforcement Directorate (ED) has provisionally attached 211 immovable properties worth Rs 646.58 crore, including luxury hotels, resorts, commercial offices and land, in connection with an alleged Ponzi scheme operated by Pancard Clubs Limited and other entities linked to the Panoramic Group. The properties are spread across Goa, Maharashtra, Kerala, Uttarakhand, Rajasthan, Himachal Pradesh, Madhya P…
ED attaches 211 properties over alleged Ponzi schemes targeting 51 lakh investors - OrissaPOST
Mumbai: The ED attached office spaces and luxury hotels among 211 immovable properties, amounting to Rs 646.58 crore, in Goa, Maharashtra, Kerala and six other states in connection with Ponzi schemes floated by Pancard Clubs, an official said Thursday. The action by the Enforcement Directorate (ED)’s Mumbai Zonal Office was targeted at the accused who […]
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Ponzi scheme: ED attaches 211 hotels, offices, land worth Rs 646 crore in Goa, 8 states
Digital Desk | Mumbai, Oct 1 (IANS) The ED attached office spaces and luxury hotels among 211 immovable properties, amounting to Rs 646.58 crore, in Goa, Maharashtra, Kerala and six other states in connection with Ponzi schemes floated by Pancard Clubs, an official said on Thursday. The action by the Enforcement Directorate (ED)'s Mumbai Zonal Office was targeted at the accused who established a network of 46 corporate entities under the Panor…
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