KOLKATA, April 2 – Enforcement Directorate (ED) today filed charge-sheet in the Rose Valley ponzi scam case against six persons, including the company’s incarcerated chairman Gautam Kundu, before a city court here, reports PTI
The chargesheet against Kundu, five other persons and Rose Valley Real Estate Company Limited was filed before Judge-I G C Karmakar at the City Sessions Court.
Appearing for ED, counsel Abhijit Bhadra prayed before the judge that cognizance be taken of the charge-sheet so that the five persons, apart from Kundu, can be summoned and questioned in connection with the probe.
All the accused have been charged under Prevention of Money Laundering Act.
The charge sheet was filed on the basis of a SEBI complaint to ED, following which Gautam Kundu was arrested by the agency last week.
After five days of ED custody, Kundu was remanded to 10 days’ jail custody on Tuesday.
On the basis of the SEBI complaint, ED had found out that Rose Valley had garnered more than Rs 15,000 crore from the public through issue of various financial instruments, which did not have sanction of the capital market regulator.
ED had also frozen numerous bank accounts and fixed deposits of the Rose Valley group.
Rose Valley had ventured in the areas of tourism, hospitality and media.