City
Epaper

Ex-Union Minister seeks help for over 6cr people duped in Rs 60K cr ponzi scam

By IANS | Updated: February 4, 2024 23:30 IST

Chennai, Feb 4 Former Union Minister and Pattali Makkal Katchi (PMK) leader Anbumani Ramadoss has called upon the ...

Open in App

Chennai, Feb 4 Former Union Minister and Pattali Makkal Katchi (PMK) leader Anbumani Ramadoss has called upon the Central and state law enforcement agencies to work together to return the money to the people in the Rs 60,000 crore scam in which Pearl Agrotech Corporation Ltd (PACL) is allegedly involved.

PACL had collected money from the public, offering them huge returns, including landed property against their investment. However, more than Rs 60,000 crore was collected by the PACL under various ponzi schemes.

Ramadoss, a former Union Cabinet Minister for Health and Family Welfare, in a statement on Sunday said that around 1 crore people in Tamil Nadu and 6 crore people in other states have lost money in the PACL scam.

He said that the central and state governments must safeguard those affected in this scam from being financially ruined.

Anbumani also said that close to one crore people from Tamil Nadu have invested anywhere from Rs 2,500 to Rs 10 lakh in PACL.

He said that even after more than eight years, they are yet to get their money back and struggling to raise money for marriage and medical expenses of family members.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Open in App

Related Stories

NationalExecutive Engineer caught red-handed taking bribe in Bihar's Motihari

BusinessHalf of India Skips Term Insurance: Why PNB MetLife Plans Are the Smartest Choice

MumbaiMumbai Accident: 18-Year-Old Girls Die After Scooter Skids While Overtaking Truck in C.P. Tank Circle

Other Sports'When Vaibhav came for trials, all of us knew we had found something special: RR's Vikram Rathour

Other SportsLSG owner shares throwback picture of 6-year-old Vaibhav Suryavanshi cheering for RPS in IPL 2017

National Realted Stories

NationalIndia, Netherlands agree to strengthen economic ties

NationalRobbers strike Rayalaseema Express in Andhra Pradesh, loot passengers

NationalJammu and Kashmir: Massive Blaze Destroys Homes in Baramulla, Locals Claim No Water to Extinguish Fire

NationalFor Kerala CM Vijayan, CPI(M) Gen Secy Baby remains a 'baby'

NationalNeed to be careful while speaking: K’taka Home Minister on colleague’s Pahalgam attack remarks