June 29, 2017: The Enforcement Directorate (ED) has attached assets worth 293 crore rupees in connection with the Rose Valley chit fund scam case in which thousands of people were allegedly cheated in West Bengal and Odisha.
ED’s regional office in Kolkata issued the provisional attachment order under Prevention of Money Laundering Act (PMLA).
The attached assets include six hotels in Assam, Bihar and West Bengal, a 17-acre amusement park in Tripura, a prime commercial space in Kolkata, and some other land properties in different states. With this, the total attachment in this case stands at 1,950 crores.
ED had registered a criminal FIR against Rose Valley, its Chairman Gautam Kundu and others in 2014 under PMLA. Kundu was arrested by the agency from Kolkata in 2015 and is currently in judicial custody. Multiple chargesheets have been filed in the courts in Kolkata and Bhubaneswar by the ED in the case.
The central probe agency has pegged the total volume of alleged irregularities at 15,000 crore rupees. (AIR News)
