CBI Arrests Pearls Group Director from Fiji in Multi-Crore Ponzi Scam

New Delhi: Harchand Singh Gill, a director of the Pearls Group, was arrested and deported from Fiji by the CBI in connection with a multi-crore ponzi scam.

Gill was transported from Fiji to India late on Monday. He was deported from Fiji under ‘Operation Trishul’ launched by the CBI to bring back fugitives hiding abroad. Under this operation launched in 2022, the CBI has already brought 30 fugitives to India.

The agency started the investigation against the Pearls Group and its founder Nirmal Singh Bhangoo on February 19, 2014. This company is alleged to have cheated scores of gullible Indian investors by offering them land in return of their investments. CBI alleged that over Rs 60,000 crore was siphoned off by the Pearls Group by duping investors across India.