Punjab: The Economic Offences Wing (EOW) of Uttar Pradesh on Thursday arrested 69-year-old Gurnam Singh, director of Pearls Agro-Tech Corporation Limited (PACL), from Ropar district in Punjab. Singh is accused of masterminding one of India’s biggest financial scams—a ₹49,000 crore Ponzi scheme that defrauded 50 million investors across 10 states. Singh is among ten individuals named.
