The Mohali district administration has started the process of identification, fencing and erecting prohibition hoardings on the properties related to the Pearl group to compensate the people who were cheated by the chit fund firm.
“We have started the process of making red entries in the Revenue records so that no one is able to sell or purchase this property and so far most of the work has been done,” Deputy Commissioner (DC) Aashika Jain said. Acting on a request made by Punjab Vigilance Bureau VB investigating the multi-crore Pearls Group chit fund scam, all Deputy Commissioners of Punjab were asked to take action for securing all identified properties of PACL/PGF Ltd, the flagship companies of Pearls Group.
“We have a list of about 500 properties provided by the SEBI and the Sub Divisional Magistrates of Mohali, Kharar and Derabassi have been directed to identify, and installation of fencing around the property and to put the hoardings to make the public aware not to purchase/sell/transfer/alienate any of these properties further,” Jain said.
She said that the Sub Divisional Magistrates of Mohali, Kharar and Derabassi are in the process of completing the exercise within the next few days.
Listing some of the villages of Mohali Sub Division- one of the three in the district, the DC said that Manakmajra, Dhurali, Saneta, Sukhgarh, Dhol, Sekhanmajra, Ladiali, Raipur Khurd, Raipur Kalan, Chapparchirri Khurd, Balaungo, Banur, Khilawar are a few villages where the work of identification, fencing and displaying prohibition boards have been done.
Similarly, the villages in Derabassi where the property of the Pearl group had been identified included Jaatana Kalan, Kaulimajra, Haripur Kura, Devinagar, Janetputr, Chhachhrauli, Gholumajra, Jagadhri, Mothamwali and Chhat.
The DC said the sub-divisional magistrates (SDMs) have been asked to complete the work without further delay so that the properties could be retained for further action.