V.T.Raman treated me as a slavery . I have defeated by him,I am working 18 years in this company still now but they trying to left me out of the company.He is one of the criminal senior field worker in the company so I want 5crore claim from the company
Dear
good evg
sawai madhopur rajasthan se hu sir me bhi kamana chahata hu to ap mujhe malwanchal co.Ke sambandh me jankari denge
my mob.No.8955636744
Pacl not payment on majority 07/08/12 059024512
You may loose money. The company is under trial in apex court. Take care.
Real estate firm office raided
A team of Crime Branch sleuths have sealed the office of Pearls India Limited (PACL) a real estate development firm here after a day-long raid on its premises in connection with a case registered under the Money Chain Act by the Thalassery police in 2011.
According to sources a team led by Superintendent of Police (Economic Offence Wing) P.A. Valsan raided the office from 11 a.m. to 6 p.m. Documents relating to nearly Rs.33 crore collected from around 20 183 customers from the district were seized a Crime Branch official said.
The PACL offices in Kozhikode and Thrissur were raided by the Crime Branch on December 1 and 2 respectively. Both offices were sealed and documents showing clash transactions to the tune of Rs.267 crore seized from Kozhikode and of Rs.592 crore from Thrissur.
‘‘We are in the process of ascertaining whether they have been issued licence to collect money from people. They collected money under the guise of offering land in major cities in States including Madhya Pradesh Rajasthan and Andhra Pradesh as per a cash-down payment plan and an instalment payment plan ’’ the official added. But the customers have not been provided with land against the payment he said.
A case was registered by the Thalassery police when agents of PACL collected huge amounts of money from a number of people at Sarada Krishna Aiyar Auditorium in the town in 2011.
Why does it take such a long time for SEBI or other enforcement agencies of the government to act. Cannot these companies be nipped at the budding stage itself. Why wait for these companies to become monsters. Anyone who joins a PACL scheme can become an agent. It is these agents a network of exponentially growing micro entrepreneurs who give word of mouth publicity for PACL staking their credibility among friends relatives and community for the company. From Paschim Vihar to Madurai to Navi Mumbai their elevator pitch remains the same. PACL is a public limited company. It is a company under the Ministry of Corporate Affairs. It is a company operating since 1983. A number of agents across the country repeated these claims indicating systematic training.
ITEM NO.101-PH COURT NO.6 SECTION XV S U P R E M E C O U R T O F I N D I A RECORD OF PROCEEDINGS CIVIL APPEAL NO(s). 6753-6754 OF 2004 SECURITIES & EXCHANGE BOARD OF INDIA Appellant (s) VERSUS PACL INDIA LTD. & ORS. Respondent(s) (With appln(s) for directions and permission to place addl. documents on record and impleadment and early hearing and permission to file additional affidavit and with office report) WITH CIVIL APPEAL NO.2864/2006 (With appln.(s) for stay and office report) Date: 26/02/2013 These Appeals were called on for hearing today. CIVIL APPEAL NO.2864/2006- dismissed CIVIL APPEAL NOS. 6753-6754/2004- allowed.
PL.SEE THIS.
Can any of the company officers explain it in detail.