KOLKATA: The enforcement directorate has filed the third prosecution complaint in the Rose Valley muddle four years and three months after the central investigating agency started a probe. The agency, which has arrested the Rose Valley boss Gautam Kundu in May 2015 in connection to the Rs 17,520 crore ponzi muddle, is likely to make some more attachments in the case soon.
According to sources, while Kundu had mopped up Rs 17,520 crore from the market he had been returning investors’ money periodically. The group has so far returned more than Rs 10,500 crore to investors including interest payments. Considering the payments made to investors the remaining amount at present is around Rs 8,500 crore. The agency has so far been attaching assets in connection to the ECIRs it has filed against the group of companies.
In April 2018, there was an amendment to the section 45 of the Prevention of Money laundering Act, 2002 which mandated the agency to file a charge sheet or prosecution complaint within 90 days of the attachment of properties. While the first chargesheet was filed in Bhubaneswar, the second and third chargesheets were filed in Kolkata. Sources said that the present chargesheet deals with properties of around Rs 900 crore belonging to the Rose Valley group attached by the agency.
According to sources, while Kundu had mopped up Rs 17,520 crore from the market he had been returning investors’ money periodically. The group has so far returned more than Rs 10,500 crore to investors including interest payments. Considering the payments made to investors the remaining amount at present is around Rs 8,500 crore. The agency has so far been attaching assets in connection to the ECIRs it has filed against the group of companies.
In April 2018, there was an amendment to the section 45 of the Prevention of Money laundering Act, 2002 which mandated the agency to file a charge sheet or prosecution complaint within 90 days of the attachment of properties. While the first chargesheet was filed in Bhubaneswar, the second and third chargesheets were filed in Kolkata. Sources said that the present chargesheet deals with properties of around Rs 900 crore belonging to the Rose Valley group attached by the agency.
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