ED Raids Congress Leader Pratap Singh Khachariyavas in ₹2,850 Crore PACL Scam Probe

Jaipur: The Enforcement Directorate (ED) on Tuesday conducted raids at around 19 locations linked to Congress leader and former Rajasthan minister Pratap Singh Khachariyavas, in connection with the ₹2,850 crore PACL scam. The searches lasted approximately 12 hours and included intense questioning.

🔎 Key Points:

• ED suspects Khachariyavas' involvement of around ₹30 crore in the scam.

• PACL scam involved fake real estate investment schemes duping lakhs of investors.

• Supporters protested outside his residence, calling the action politically motivated.

🏢 What is the PACL Scam?

• PACL lured 5.85 crore investors across India and raised over ₹49,100 crore.

• In Rajasthan alone, 28 lakh people invested approximately ₹2,850 crore.

• SEBI shut down PACL in 2014 deeming it illegal.

• In 2016, the Supreme Court appointed a committee under Justice R.M. Lodha to sell PACL assets and repay investors.

📌 Khachariyavas' Alleged Role:

• ED is investigating whether ₹30 crore of scam money was routed through Khachariyavas' network or properties.

• The first FIR was filed under the Chit Fund and Fraud Acts in 2011 at Chomu Police Station, Jaipur.

🎙️ Khachariyavas Reacts:

“This is political vendetta. I'm being targeted for speaking against the government. I knew this raid was coming.”