Archive · 28 Jun 2025
Nirmal Singh Bhangoo Kin Summoned in Money Laundering Case
Imagine a company that tricked many people into investing money, promising high returns.
This company is called the Pearls Group, and it's accused of running a massive scam.
Now, the court is calling in Nirmal Singh Bhangoo's son-in-law, Harsatinder Pal Singh Hayer, because he's suspected of helping to hide the money.
It's believed he sent money to Australia and bought properties there, and also sold off other assets, breaking a court order.
The government is now trying to recover the stolen money and give it back to the people who were cheated.
Delhi court summons Nirmal Singh Bhangoo's son-in-law, Harsatinder Pal Singh Hayer, in a money laundering case.
The investigation is linked to an alleged Rs 48,000 crore Ponzi scheme involving the Pearls Group.
Hayer, a director in associate companies of PACL Limited, is accused of diverting funds to Australian entities.
These funds were allegedly used to invest in real estate in Australia, with Hayer accused of asset dissipation.
The ED has attached assets worth Rs 706 crore, including properties in Australia, and filed chargesheets.
- Who
- Harsatinder Pal Singh Hayer, son-in-law of Nirmal Singh Bhangoo, is summoned.
- What
- A Delhi court summoned Harsatinder Pal Singh Hayer in a money laundering case.
- When
- The court summons were issued on June 27 and Hayer is required to appear on July 18, 2025.
- Where
- The court case is in Delhi, and the alleged money laundering involved Australian entities.
- Why
- The summons are part of a money laundering investigation linked to a Rs 48,000 crore Ponzi scheme where investors were defrauded.
- Defendant
- Harsatinder Pal Singh Hayer
- Related to
- Nirmal Singh Bhangoo
- Case
- Money Laundering
- Scheme Value
- Rs 48,000 crore
- Involved Companies
- PACL, Pearls Australasia Pty Ltd, Australasia Mirage I-Pty Ltd
- Assets Attached
- Rs 706 crore
- Assets Included
- Immovable properties in Australia