Pearls Group Director Arrested in Multi-Crore Ponzi Scam: CBI

The Central Bureau of Investigation (CBI) has arrested Harchand Singh Gill, a director of Pearls Group, in connection with a multi-crore Ponzi scam.

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Pearls Group is accused of running a Ponzi scheme in which they collected money from investors under the guise of real estate development.

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The CBI has alleged that the company collected more than Rs 45,000 crore from over 5 crore investors across the country.

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The CBI has been investigating the case since 2016, and this is the first major arrest in the case.

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The agency has also arrested five other accused in connection with the case, including two former directors of the company.

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The accused have been charged with various sections of the Indian Penal Code, including cheating and criminal conspiracy.

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The Pearls Group scam is one of the biggest Ponzi scams in India's history, and the arrest of Harchand Singh Gill is a significant development in the ongoing investigation.

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