The Enforcement Directorate (ED) is expected to file a charge sheet tomorrow against the Rose Valley group in connection with its probe in the ponzi scam allegedly perpetrated by consortium of companies belonging to the group.
Sources privy to the development said the agency has compiled its investigation done against the group, its officials and those working in association with it and investigators will be placing the same as a charge sheet in a special court here.
"The prosecution complaint under sections of the Prevention of Money Laundering Act against the Rose Valley group is expected to be filed tomorrow," they said.
ED had arrested group Chairman Gautam Kundu on March 25 and his bail plea was rejected by a local court here today.
The agency has investigated the case acting on the prosecution complaint filed by SEBI against the group of companies for "unauthorised issue of debentures" and violations under the Corporate Affairs Act.
"The modus operandi used by the group to conduct the investor fraud would be described in the charge sheet," the sources said.
The ED estimates that gullible investors were duped by this group to the tune of Rs 15,484 crore.
Sources had earlier said agency's probe has detected that Kundu was the alleged "beneficial owner" of these tainted funds generated as proceeds of crime of the chit fund scam.
It had, hence, registered an FIR against the firm and its owners late last year.
Kundu, before his arrest, had been interrogated by the agency several times and the case is also being probed by the CBI now.
The ED, under the stringent provisions of the PMLA, had earlier attached 2,631 bank accounts of the Rose Valley group containing Rs 295 crore.
The group had allegedly floated a total of 27 companies for running the alleged chit fund operations out of which only half-a-dozen were active.
