Pacl India Ltd
- Service Areas: NOIDA
About Pacl India Ltd
PACL India Ltd (Pearls Agrotech Corporation Limited) was a company that operated in the real estate sector, claiming to offer land investment and development services across India. The company attracted a large number of investors by promising high returns on land purchases and real estate investments.
However, PACL India Ltd became widely known for its involvement in a major financial scandal. The Securities and Exchange Board of India (SEBI) found that PACL had illegally raised funds from investors through a Ponzi-like scheme, leading to legal actions and an order to refund investors' money.
Despite its controversial history, the case of PACL India Ltd serves as a significant example of regulatory oversight in India's financial and real estate sectors, highlighting the importance of transparency and investor protection.
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