Ponzi scam: CBI unearths another 1841 acres

NEW DELHI: CBI unearthed another 1841 acres of land after questioning of Pearl group owner Nirmal Singh Bhangoo in connection with the Rs 45000 crore Ponzi scheme. The land was purchased by Bhangoo in different parts of Haryana including Gurgaon, Ambala and Karnal. Beside land, the sleuths also identified 44 commercial properties owned by Bhangoo and his associates.

The properties seized on Friday were said to be valued at Rs 92.50 crores. The agency has earlier seized 553 acre land worth several crores that were held by him using front companies. According CBI, Bhangoo wanted to develop 482 acres of this land under the new land pooling policy.

CBI also said the Chandigarh based businessman also purchased a farmhouse in Delhi worth Rs 100 crores from former Haryana minister Gopal Kanda who was also under the cloud for his alleged role in a suicide case of airhostess Geetika Sharma.

The agency also claimed to have seized the documents related to another 11.50 acre farmland owned by Bhangoo and his company in Rajokari area of Delhi.