A special PMLA court in Odisha has framed charges against Gautam Kundu and Shibamoy Dutta, promoters of the Rose Valley Group, in a multi-state chit fund scam.
The charges were based on a prosecution complaint filed by the Enforcement Directorate (ED). The ED had previously attached movable properties worth Rs 332 crore in 2014 and 2015, which have now increased in value to over Rs 400 crore.
The case is also being investigated in Kolkata, Guwahati, and Agartala, with significant assets already secured and in the process of restitution to the victims.
In Kolkata Zone, in one case Rs. 12.36 Crore, along with accrued interest totalling Rs. 19.40 Crore, has already been handed over to the Asset Disposal Committee (ADC) formed by the Calcutta High Court and has been further restituted to the victims. Further properties worth Rs. 1,172.68 Crore, including Rs. 147.64 Crore in movable assets and immovable assets valued at Rs. 1,025.04 Crore have also been attached by ED Kolkata and are in the process of restitution.
In Guwahati, assets worth Rs. 38.30 Crore have been secured, while in Agartala, immovable properties worth Rs. 8.01 Crore have been attached.
The ED is expediting the framing of charges in these cases, and is working in close coordination with the one-man Asset Disposal Committee for expedited monetization and restitution of these assets to the rightful claimants and victims of the fraud, the ED stated.
