- Rose Valley a Chit Fund company has gone for a toss which cheated thousands of gullible investors from West Bengal and Odisha
- Enforcement Directorate (ED) passed the latest order on firm's assets worth Rs. 293 crore (market value) attaching Six hotels in Assam, Bihar and West Bengal along with 17-acre amusement park in Tripura at prime location
- However, the criminal case was filed against the firm in 2014 by ED and in March 2015 it's chairman Gautam Kundu was arrested by agency
- The group had promised huge returns of 8% - 27% on its floated scheme to its investors on investment or on bookings in real estate sector
- As per provisions of Prevention of Money Laundering Act (PMLA), central probe agency has issued a provisional attachment order and ED has freezed total alleged irregularities at Rs. 8600 crore
No comments:
Post a Comment