E-Paper
Pearls case: Punjab VB arrests three absconding accused in from Gujarat
The special investigation team (SIT) constituted by the Punjab vigilance bureau (VB) in association with Gujarat Police arrested three absconding accused from Ahmadabad wanted in the Pearls Agrotech Corporation Limited case
Chandigarh : The special investigation team (SIT) constituted by the Punjab vigilance bureau (VB) in association with Gujarat Police arrested three absconding accused from Ahmadabad wanted in the Pearls Agrotech Corporation Limited (PACL) case.
The accused has been identified as Harkirat Singh of Shamshpur village in Fatehgarh Sahib, Pardeep Singh of Jalveda also in Fatehgarh Sahib and Prabhjot Singh of Gonianan Kalan in Bathinda.
A spokesperson of the VB said the accused were wanted in an FIR registered on July 16, 2020, under Sections 406, 420, 467, 468, 471 and 120-B of the IPC, at the Zira police station in Ferozepur for their alleged involvement in illegal alienation of properties belonging to PACL Ltd at Gholumajra in Mohali, despite having knowledge that the Supreme Court had already restrained the PACL Ltd from selling/alienating any of the properties wherein PACL has, in any manner, a right or interest.
A committee under the chairmanship of justice RM Lodha (retd) had been constituted pursuant to the order of Supreme Court to sell the properties of PACL Ltd and use the sale proceeds to refund the investors who had invested their hard-earned money in the collective investment scheme (CIS) offered by the accused company.
The spokesperson said the accused, Harkirat Singh, was also wanted in an FIR registered on February 21, 2023, under Sections 406, 420, 465, 467, 468, 471, 384, 120-B of IPC, at the Punjab state crime cell police station, Mohali, for his role in illegal appointment of three directors of PACL Ltd on the basis of forged proceedings of general body meeting held on January 1, 2023, and extorting money from individuals/entities linked with PACL properties.
The spokesperson further added that all the three arrested accused have been taken on transit remand and would be produced in a court in Punjab.
The VB has already arrested Prem Kaur, wife of PACL managing director Nirmal Singh Bhangu, Dharmendra Singh Sandhu, one of the illegally appointed director and Jaswinder Singh Dang CA who authenticated documents related to appointment of illegal Directors of PACL, in the case.
