In connection with its investigations into the alleged Rs 45,000 crore Pearls Group ponzi scheme case, CBI has unearthed land banks, farm houses and office spaces worth several hundred crores of rupees belonging to the company. All these assets are located in Delhi-NCR and include a farm house purchased from former Haryana minister Gopal Kanda.
CBI sources said in its searches and investigations conducted in Delhi, the agency had found that the Group owned 66 different office spaces in Connaught Place.
The agency has reportedly also found 11.5 acres of land belonging to the company in Rajokri on Delhi-Haryana border and around 553 acres of separate land in the national capital earmarked for development.
Agency sources said, among the 66 offices, six were found in Antariksh Bhawan, 44 offices were found in Gopaldas Bhawan, 11 offices were found in Indraprastha building while five offices were in the Statesman House. “All these offices are in the name of Pearls Agrotech Corporation Limited (PACL),” said a CBI officer.
Much of the land owned by the Pearls Group, said sources, are in the name of front companies. “This includes a farm house in Rajokri that was purchased from Gopal Kanda. The price of the farm house is expected to be around Rs 100 crore,” said the CBI officer. Kanda had hit headlines a few years ago after being arrested on abetment charges in connection with the suicide of his secretary. Sources said of the 553 acres of land owned by the group, PACL was planning to develop 482 acres under the new land pooling policy of Delhi Development Authority.
CBI had last Friday arrested chairman-cum-managing director of PACL and Pearls Golden Forest Limited (PGF) Nirmal Singh Bhangoo and three other top officials in connection with its probe in the alleged scam where close to 5.5 crore investors were allegedly duped by the ponzi scheme.