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CBI seals bank accounts of Pearl Group
Tribune News Service

New Delhi, February 28
The CBI has seized the accounts of Pearl Group and its directors and promoters. They have around 1,000 accounts in 35 banks.

During investigation, the CBI came to know that Pearl Group, which was allegedly involved in a land scam, has 1.3 crore investors in Uttar Pradesh, 51 lakh in Tamil Nadu, 61 lakh in Maharashtra, 45 lakh in Rajasthan and 25 lakh in Haryana.

Sources said promoters and directors of the group Nirmal Singh Bhangoo and his relative Sukhdev Singh today filed a bail application in the Delhi High Court, but later withdrew it. The CBI questioned a few other accused in the case but did not disclose their names. No arrest has been made in the case so far.

The sources said the CBI is also questioning some people involved in the Rs 45,000 crore land scam masterminded by Bhangoo to know the modus operandi of the accused, and location of the land purchased by the Pearl Group. During questioning, the suspects have disclosed that a part of the money was invested in different parts of India, but most of it was invested abroad.

The accused had their head office in Delhi but were operating in Punjab, Haryana and Rajasthan, Tamil Nadu and Maharashtra.

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