Rose Valley Chit Fund Scam

The total value of assets attached in the 2014 money laundering case linked with the Rose Valley Group has risen to more than Rs 1,171 crore with the Enforcement Directorate Friday saying it has seized properties worth Rs 54 crore in the case. The attached properties comprise insurance policies in the name of Rose Valley Group chairman Gautam Kundu and his wife, buildings and plots of land in West Bengal, Maharashtra, Madhya Pradesh and Bihar, which were found to have been acquired by the companies of the group from the funds collected from the gullible investors, the probe agency said. Gautam Kundu, who was arrested by the ED in March 2015, continues to be in judicial custody. "The Rose Valley Group collected funds from the common gullible public by floating fake and fictitious schemes and defaulted on the re-payments," the agency said. The total value of assets attached in this case to date is Rs 1,171.71 crore, including fresh properties worth Rs 54 crore seized provisionally un

Markets regulator Sebi on Wednesday ordered attachment of bank accounts as well as share and mutual fund holdings of Rose Valley and its then directors to recover investors' dues

The Enforcement Directorate on Friday said it has taken "possession" of assets worth Rs 304 crore in connection with its money laundering case in the alleged Rose Valley ponzi scam

ED investigation revealed group of companies colllected more than Rs 17 cr by luring depositors

The TMC MP was asked to deposit Rs 25 lakh with two sureties along with his passport

Reported letter had alleged that PMO had issued certain instructions to CBI in Rose Valley case

TMC was protesting against the arrest of its lawmaker Sudip Bandyopadhyay by the CBI

He alleged that the arrest of Sudip Bandopadhyay had its roots in TMC's opposition to demonetisation

In a fresh blow to West Bengal's ruling Trinamool Congress, its Lok Sabha leader and former union minister Sudip Bandyopadhyay was on Tuesday arrested in the Rose Valley Chit Fund scam, its second MP to be taken into custody by the CBI in five days.

Bandyopadhyay was summoned by the CBI twice in December but he had cited prior engagements

The assets were attached in connection with Rose Valley chit fund scam case