The Enforcement Directorate (ED) has attached 14 immovable properties of Gian Sagar Educational & Charitable Trust in Ramnagar, Punjab, with a current market value of Rs 1,596 crore under the Prevention of Money Laundering Act.The action is linked to agency’s ongoing probe into an alleged large-scale investment fraud involving a collective investment scheme operated by PACL Limited and related entities.The ED had initiated an investigation on the basis of an FIR registered by the CBI under Sections 120-B and 420 of the IPC. The FIR was registered pursuant to directions of the Supreme Court.Subsequently, the CBI filed a chargesheet and a supplementary chargesheet against 33 accused, including individuals and companies, for their role in running an illegal investment scheme.As per the chargesheets, the accused entities and persons allegedly operated a massive collective investment scheme, fraudulently mobilising over Rs 48,000 crore from lakhs of investors across India under the pretext of sale and development of agricultural land.The ED recorded an ECIR in 2016 and filed a chargesheet in 2018, followed by six supplementary chargesheets in 2022, 2025 and 2026, against various individuals and entities.The attached properties have been identified as having been acquired from investor funds, constituting proceeds of crime.