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

CricketIND vs PAK LIVE Cricket Streaming: When and Where to Watch India vs Pakistan ACC Men’s U19 Asia Cup 2025 Match

EntertainmentRithvikk Dhanjani finds joy in art and history during vacation in Amsterdam

InternationalManhunt intensifies for Brown University shooter, campus on lockdown

TechnologyNumber of high net worth individuals in S. Korea grows over 3 pc to nearly 480,000

BusinessNumber of high net worth individuals in S. Korea grows over 3 pc to nearly 480,000

National Realted Stories

NationalAndhra Pradesh: 15-Year-old Girl Dies After Suffering Heart Attack While Attending Morning Lecture, Disturbing Video Surfaced

NationalMessi Kolkata event chaos: More cops deployed near event organiser's house

NationalCBI dismantles major transnational cyber fraud network; charge sheet filed against 17 accused, 58 companies

National'Vote chori' protest: BJP MP calls Cong 'failed party' with 'unsuccessful leaders'

NationalBengal SIR: Irregularity, security breach in hearing phase be treated seriously, cautions ECI