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Sebi clamps down on Rs 50,000 crore money-pooling scheme run by PACL

In its biggest-ever crackdown on a large-scale illicit money pooling scheme estimated at nearly Rs 50,000 crore, regulator Sebi on Friday ordered immediate closure of unauthorised collective investment schemes run by PACL Ltd and refund of investors` money within three months.

Aug 23, 2014, 13:37 PM IST