CBI is estimated to have unearthed prime properties worth around Rs 2000 crore belonging to Pearls group so far as questioning of its Chief Nirmal Singh Bhangoo continued to bring out more assets including two posh hotels in Goa.
The questioning of Bhangoo, accused of running Pearls ponzi scheme in which allegedly five crore investors were lured with attractive returns and about Rs 45,000 crore were raised, is continuing for the last 12 days since his arrest on January 9 this year, sources said.
During questioning, he, along with other executives, also in custody, is coming up with details of their properties, which shows that the money collected from depositors was allegedly diverted to the accounts of PACL and PGF which purchased such properties in India and abroad, they said.
No reaction was available from the company despite repeated emails to the address given on their website.
The sources claimed that during interrogation so far they have given details of properties worth at least Rs 2000 crore at present rates and it is counting.
They said Golden Palm Hotel in Calangute and another Golden Palm Hotel and Spa in Colava areas of tourist haven Goa, Pearls Business Park and Pearls Omaxe in Pitampura, Pearls Corporate (W. Mall) in Rohini in the National Capital are the allegedly latest disclosures by Bhangoo.
Besides agriculture land of around 800 acres near Bengaluru with the aim of developing Pearls Township, 37 residential plots and commercial properties in Gurgaon and 50 residential and comemrcial properties in Punjab were also allegedly purchased by the group, they claimed.
Earlier also, Bhangoo and other executives have allegedly admitted to have purchased 66 commercial properties in the heart of the national capital--Connaught Place--considered to be one of the poshest business addresses. Besides, huge land bank in Delhi and Gurgaon was also admitted to by them, the sources claimed.
