ED, Mumbai Zonal Office has provisionally attached 30 overseas assets (22 in Thailand, 6 in UAE and 2 in USA) held in the name of overseas subsidiaries of M/s Panoramic Universal Ltd, Mumbai (PUL) and accused Late Sudhir Moravekar in Pancard Clubs investment fraud case. All these assets have been acquired by making total payments equivalent to Rs.54.32 Crore during the period from 2002 to 2015

On "08/05/2025", the "Enforcement Directorate (ED)" issued an update regarding "ED, Mumbai Zonal Office has provisionally attached 30 overseas assets (22 in Thailand, 6 in UAE and 2 in USA) held in the name of overseas subsidiaries of M/s Panoramic Universal Ltd, Mumbai (PUL) and accused Late Sudhir Moravekar in Pancard Clubs investment fraud case. All these assets have been acquired by making total payments equivalent to Rs.54.32 Crore during the period from 2002 to 2015". The ED initiated investigation based on an FIR registered by the Economic Offences Wing (EOW) for offenses under various sections of IPC, 1860.