The Enforcement Directorate (ED) has attached 126 immovable properties worth Rs 5,046.91 crore in Punjab and Delhi in connection with its probe into an alleged financial fraud linked to PACL Limited.The action was taken under the Prevention of Money Laundering Act (PMLA), 2002, in a case involving a collective investment scheme that allegedly defrauded investors of over Rs 48,000 crore.The investigation stems from a 2014 CBI FIR registered following Supreme Court directions. The CBI later filed chargesheets against 33 accused, including individuals and companies.According to the probe, the PACL and related entities mobilised funds from lakhs of investors on the pretext of selling and developing agricultural land. In most cases, land was not delivered and investor dues remained unpaid.The scheme allegedly involved multiple front entities and fraudulent documentation, including agreements and powers of attorney, to conceal the fraud.Following the FIR, the Supreme Court in 2016 directed SEBI to set up a committee under former Chief Justice RM Lodha to liquidate PACL assets and make refunds to investors.Subsequent investigations revealed continued illegal sale and misuse of properties, leading to additional FIRs across states. Searches uncovered incriminating materials, including blank sale deeds and signed cheque books.With the latest attachment, the ED has seized assets worth Rs 22,656.91 crore in total, including properties in India and abroad linked to the PACL.