Monday, 21 January 2013

PACL office raided in Thalassery in Kerala


A team of Crime Branch sleuths have sealed the office of Pearls India Limited (PACL), a real estate development firm, here after a day-long raid on its premises  in connection with a case registered under the Money Chain Act by the Thalassery  police in 2011.
According to sources, a team led by Superintendent of Police (Economic Offence  Wing) P.A. Valsan raided the office from 11 a.m. to 6 p.m. Documents relating to  nearly Rs.33 crore collected from around 20,183 customers from the district were  seized, a Crime Branch official said.
The PACL offices in Kozhikode and Thrissur were raided by the Crime Branch on  December 1 and 2 respectively. Both offices were sealed and documents showing  clash transactions to the tune of Rs.267 crore seized from Kozhikode and of Rs.592  crore from Thrissur.
‘‘We are in the process of ascertaining whether they have been issued licence to  collect money from people. They collected money under the guise of offering land  in major cities in States including Madhya Pradesh, Rajasthan, and Andhra Pradesh  as per a cash-down payment plan and an instalment payment plan,’’ the official 
added. But the customers have not been provided with land against the payment, he  said.
A case was registered by the Thalassery police when agents of PACL collected huge amounts of money from a number of people at Sarada Krishna Aiyar Auditorium in the  town in 2011.

http://www.thehindu.com/todays-paper/tp-national/tp-kerala/real-estate-firm-
office-raided/article4198578.ece?css=print

2 comments:

Gayathri R Nair said...

WHY PACL KERALA IS FACING SUCH A BIG CHALLENGE.. ALL OFFICES OF KERALA IS SEALED BY KERLA POLICE.... PLEASE AT LEAST DO SMTHING FOR THE INNOSCENT WORKERS OF PACL.. A LOT OF PEOPLE ARE IN SUCH A DILEMMA INCLUDING MY PARENTS.... THEY DONT EVEN HAD A GOOD SLEEP FROM THE DAY ONWARDS THESE PROBLEMS..... I PLEAD THE COMPANY AUTHOROTIES TO TAKE AN IMMEDIATE ACTION FOR SAKE OF THE WORKERS..!!!!..... AND PLEASE SUPPORT US.. THE CUSTOMERS OF PACL..!!!!!

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