The Punjab government has transferred the investigation of the alleged scam by Pearl Group, a chit fund company, to the Vigilance Bureau. The decision was made to ensure a fair and transparent investigation into the inter-state fraud.
The Vigilance Bureau, with its dedicated Economic Offences Wing, will conduct the specialized investigations needed to uncover the entire Pearl scam. The government order emphasized that no person involved in the scam will be spared, and all available evidence will be brought to light.
Efforts will be made by the Vigilance Bureau, in coordination with the Lodha Committee appointed by the Supreme Court, to return the investments of the maximum number of duped investors.
Two FIRs related to the scam, registered in Ferozepur and Mohali, will be investigated by the Vigilance Bureau.
Punjab Chief Minister Bhagwant Mann, who promised during his election campaign to return the money of victims by confiscating assets of chit fund companies, has instructed the identification and restriction of all properties belonging to Pearl Group in respective districts.
(With PTI Inputs)
