Nirmal Singh Bhangoo, the CMD of Pearls Group and an accused in a multi-crore chit fund scam, passed away at Deen Dayal Upadhyay Hospital in Delhi while undergoing treatment. Bhangoo, 68, had been suffering from multiple diseases and recently had a kidney transplant. He was in Tihar jail since 2016 following his arrest by the CBI. The Pearls Group was accused of not refunding Rs 49,100 crore collected from investors through illegal schemes.
