Central Bureau of Investigation, CBI today interrogated Chairman and Managing Director of Pearls Group Nirmal Singh Bhangoo who is in CBI custody. During the interrogation and from seized documents, it was revealed that Bhangoo owns 66 office properties in Connaught Place, heart of Delhi. Besides, he also owns 553 acres of land in the name of front companies in different parts of the city.
Bhangoo and three other top officials of his company were arrested on Friday in connection with 45 thousand crore rupees ponzi scam case. The real estate companies of the group had raised investments from over 5 crore investors through collective investment scheme under the garb of sale and development of agricultural land.