ED attached Rs 293 crore assets in Rose Valley Chit Fund scam

KOLKATA:The Enforcement Directorate has attached properties worth Rs 293 crores in connection with Rose Valley chit fund scam. with this attachment made on Friday, the market value for total attached property of Rose Valley group reached Rs 1950 crore.

The directorate registered cases under the money laundering prevention act against the chairman and managing director of the company, Gautam Kundu.

Kundu, was arrested by the Enforcement Directorate in March, 2015. He is accused of allegedly duping investors of worth nearly Rs 15,484 crore. Kundu is in jail custody for last two years and investigation still continues.