look news india
Amritsar: Big fraudster Nirmal Singh Bhangu has died. He had built an empire worth billions by defrauding more than 5 crore people. He was a resident of Barnala in Punjab. His early life was very difficult. He used to sell milk on a bicycle. When he could not find a job in Punjab, he went to West Bengal.
Nirmal Singh Bhanghu started his career with a chit fund company. He started working with Peerless in Kolkata. After this he joined Golden Forest India Limited. He worked in this company for a long time. But later the company closed down. Then he became unemployed.
Crores of rupees were recovered from the first company
During this time, he learned the skill of cheating people. After this, he formed his own company. First of all, he formed a company named Pearls Golden Forest. People were lured to earn huge profits by investing in planting trees like greenery. By 1996, crores of rupees were collected under this. Due to income tax and other investigations, this company had to be closed.
People were lured with huge profits
After this, he started a new company PACL. He used to lure people with huge profits. It was a chain system. In this, everyone used to add people below them. Due to greed, more than five crore people invested their hard-earned money in it. Pearls Group has properties in many big cities including Delhi, Mumbai, Kolkata, Chandigarh, Mohali.