In the ongoing questioning of Pearls Group chief Nirmal Singh Bhnagoo, the CBI has so far unearthed properties worth an estimated Rs 2,000 crore in the name of group companies across the country.
The questioning of Bhangoo, accused of running chit fund schemes in which 5.5 crore investors were duped 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.
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, agency sources said.
The sources claimed that during interrogation so far they have given details of properties worth at least Rs 2,000 crore at present rates and it is counting.
Sources 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 latest disclosures by Bhangoo.
Besides agriculture land to the tune of 800 acres in Jangamgotten, 55 km from Bengaluru with the aim of developing Pearls Township, 37 residential plots and commercial properties in Gurgaon and 50 residential and comemrcial properties in Mohali, Amritsar and Bhatinda Punjab were also purchased by the group.
Earlier also, Bhangoo and other executives have allegedly admitted to have purchased 66 commercial properties in upscale Connaught Place here and acquired two farm houses in Delhi. Besides, huge land bank in Delhi and Gurgaon was also admitted to by them including 1,841-acre land in Haryana and nearly 600 acres here.