No Chit-Fund Fraud at PACL Limited : Pearls

Reacting to media reports of a chit fund fraud allegedly perpetrated at the company, PACL Limited (PearlsGroup) CEO Jyoti Narayan said on Wednesday that the firm is a real estate developer and never indulged in any type of chit fund business to make money double or triple. He strongly condemned the publication of news by a section of the media that claimed a chit fund fraud has been unearthed at the company and its directors are not trace-able. Narayan emphasised that all of PACL's directors are sitting in the company's offices in New Delhi and the company holds some of the biggest land and property assets in the country. He said if there were any doubts of the conduct of the company directors, they could be contacted for clarification. Narayan was speaking to local journalists at a private function here last night. He also assured all depositors that if anybody wants to take back their deposits against houses or any other cause, they should come forward with a request to take the money back. He said the company is dealing in real estate and not in chit funds, with offices all over India. He also appealed to the public to contact only company authorised persons.

PACL India ltd is not a fraud company.....pacl's management have already clarify in all leading newspapers that pacl is registered company and she is not running away. All money of the investors is totally safe. There is no need to worry. PACL India limited is a real estate company and we all invest our money in real estatebusiness as real estate business is most profitable. Therefore, this company does not come under the sebi's, irda's and rbi's terms and conditions. PACL is working under directorate of consumer affairs and PACL has also the membership of ficci. So, my friends don't worry about the your money....it is totally safe. 

Moreover, Jyoti Narayan, CEO of PACL has cleared that PACL Limited is not a fraud company and company has filed petition in high court against this news channel and govt. Officials who are defaming the image of the company. Beleive in PACL.....any query...watch P7 news channel... 

This company is working under finance ministry, department of company affairs. The company earlier known with the name of PGF India Limited which is changed its name to PACL India Limited because of some company and government regulations. Earlier the Company was not registered for the work of real estate, so company decided to take new licence for the same work with the new name. PGF customers are automatically transferred in PACL Limited and they have taken their maturity amount from our branch office.

A customer Wrote about PACL Group :
"Pearls Group is a one of the biggest group in india which drives infrastructure business, land development, hospitality services, hotel and resorts, P7 broadcasting company, and many more small domestic business which empower the company strength. Some customer has complaint about company due to its non responsible agents. Some time agents make fraud to customer for his personal benefit like good commission on investments etc. So I want to tell customer to visit PACL Limited branch office for exact information if you have any doubt."

To provide support to the economy by way of infrastructural development, and quality residential and commercial properties to customers on affordable prices. To be always committed to fulfill social responsibility by providing employment opportunity and growth to weaker sections of the society.