New Delhi: The Enforcement Directorate has attached assets worth 472 crore rupees, including one in Australia, in connection with money laundering probe in the PACL ponzi scam case. ED had registered a criminal case against the firm in 2015 based on a CBI FIR against the group, its directors and officials.

ED on Monday said that properties worth 472 crore rupees have been attached under the Prevention of Money Laundering Act, PMLA in PACLponzi scam operated by Nirmal Singh Bhangoo. The properties include MiiResorts Group 1 Pty Ltd and Sanctuary Cove properties in Australia. PACL is being probed by multiple agencies.

Earlier, capital markets regulator SEBI had found it to have collected money from crores of investors allegedly through unauthorised collective investment schemes, also called ponzi schemes, in the name of real estate projects.