Rose Valley money-laundering case: ED attaches assets worth Rs 26.98 crore

The Enforcement Directorate (ED) on Wednesday said it has attached assets worth Rs 26.98 crore in connection with the multi-crore-rupee Rose Valley money-laundering case. "The attached assets are in the form of land, hotels, bank balances and demand drafts attributed to Rose Valley Group of companies," the agency said in a statement.

The Rose Valley group of companies "had collected a huge amount of money from gullible public by floating various fake and fictitious schemes and defaulted the re-payments", it said.

The ED probe had found that several properties in West Bengal, Odisha, Tripura, Assam, Maharashtra, Jharkhand and other states were "acquired in the name of various companies of the group, by illegally diverting the funds collected from the common public", the agency had earlier said.


It has so far attached assets worth Rs 1,074 crore in the case.

The ED filed the money-laundering case against the firm, its chairman Gautam Kundu and others in 2014. It subsequently arrested Kundu in Kolkata.

Multiple chargesheets have been filed by the central agency in the case even as the probe continues.