Bhangoo’s daughter vows to pay back all investors
Chandigarh, August 28
Two days after the death of Nirmal Singh Bhangoo, managing director of the Pearls Group of Companies, which duped 5.5 crore investors of over Rs 45,000 crore (Rs 60,000 crore as per investors), his daughter has issued a public notice promising to return money of each investor.
Making an emotional appeal in the public notice issued in newspapers, she said, “Sardar Nirmal Singh Bhangoo’s life was devoted to a single, unwavering dream of repayment of money to every investor of the Pearls Group.”
She said the issues pertaining to the refund of the money to investors of PACL Limited and PGF Limited was being considered by the Hon’ble Supreme Court of India, which had also formed two committees (namely the Lodha Committee and the Special Committee) to monitor the refund of money to the investors.
Bhangoo’s daughter vowed in the notice that “On behalf of Pearls Group family and in honour of my beloved father, I hereby assure you to extend my unwavering support and provide my complete cooperation to the judicial or quasi-judicial authorities in relation to the repayment of money to each investor of the group. Will not rest until I see my father’s dream — a dream he lived and died for — become a reality. It is my reassurance to each investor of PACL Limited as well as PGF Limited that I will not leave any opportunity to safeguard your rights and I shall always uphold your cause until all of you are repaid.”
Politicians, former cops attend cremation
- Politicians across party lines, former police officials, real estate developers, friends and relatives attended the cremation of Pearls Group managing director Nirmal Singh Bhangoo at the Balongi cremation ground on Wednesday.
- Among those present at the cremation ground were former Congress MP Jagmeet Singh Brar, former Health Minister Balbir Singh Sidhu of Congress, Gillco group MD Ranjit Singh Gill of the BJP, Deputy Mayor Kuljit Singh Bedi, former IGP Ranbir Singh Khattra and SAD Mohali chief Parvinder Singh Sohana
