Pearls Agrotech Company limited (PACL) came to Goa in 1992 and ran officially for over 30 years as one of the best financial companies. Lakhs of people invested in this company got their invested money back till the year 2013. Several lakhs of people worked as agents under this compnay and earned their living. Since the new govt came to power in 2014, the government put a stop to the efficient functioning of this PACL company. The money which matured in 2014 is not paid to the investors till date.
When the investors assembled in Delhi three years ago, the present Union Finance Minister promised to clear the settlement within two months but that was not to be. The probe committee too is moving slow on settlement of dues.
MARCOS ALEMAO, Varca
