CBI, ED revive rose valley case probe

KOLKATA: Fresh evidence has prompted the Central Bureau of Investigation and the Enforcement Directorate to revive the Rose Valley Chit Fund case, in cold storage for more than 18 months now.The CBI summoned Trinamool parliamentary party leader Sudip Bandyopadhyay in connection with the case even as the ED issued an attachment order worth Rs 1,250 crore in the case.

The assets to be attached include eight hotels and resorts owned by the group. ED has also ordered for attaching 12 luxury cars of company chairman Gautam Kundu worth over Rs 6 crore, including a Rolls-Royce. ED sources claimed that Kundu purchased the car by paying Rs 4.8 crore cash. ED has issued attachment orders for Rose Valley resorts and hotels in Goa, Haridwar, Port Blair, Jaipur, Silchar and Kolkata.

ED had arrested Kundu in March 2015 for allegedly running Ponzi schemes. The size of the scam is estimated to be Rs 15,484 crore.According to sources, Kundu failed to repay investors around Rs 9,000 crore. The directorate had already submitted two chargesheets and arrested five directors of the company .

Apart from Bandyopadhyay, the names of several politicians cropped up during the investigation. According to sources, TMC MP Tapas Pal, who was director in two companies of Rose Valley , is already under ED scanner.