Update on PACL 2nd round of refunds
SEBI First Round of Refunds Completed up to 2500 INR SEBI completed First round of PACL refunds up to 2500 In the month of February this year, the Lodha Committee appointed to look into the matter of Pearls real estate property scam, invited refund claims from investors, a process which was open till March 31st, 2018. The latest news on the official website of SEBI says the Lodha Committee has till date refunded 1, 13,353 PACL investors based upon the details mentioned in their claim applications. How much money investors got after refunds? 1, 13,353 PACL investors with claiming amount up to 2500 have received their refunds. Now is the turn for the second pool of investors to get their refunds. How much money SEBI still has in their account after first round of refund? Now that the Australian Federal Government has accepted the petition filed by SEBI (dated July 20, 2018) seeking the sale of the property/assets of PACL in Australia, the investors can now get a sigh of rel