Rose Valley raised Rs 15,000 cr from investors: Jaitley|
NEW DELHI, Dec 2 – West Bengal-based Rose Valley Group, which is facing a clampdown by various agencies for running illicit money pooling schemes, is estimated to have raised Rs 15,000 crore from investors, reports PTI.
Besides companies from this group, around 200 other entities are also being probed by various agencies, including the Reserve Bank of India and the Securities and Exchange Board of India, the government said today.
The Enforcement Directorate has registered cases under the Prevention of Money Laundering Act, 2002 (PMLA) against the Rose Valley Group companies apart from the Saradha Group entities.
“The estimated amount collected by the Rose Valley Group of companies from investors is to the tune of Rs 15,000 crore. One provisional order for attaching properties worth Rs 295 crore has been issued under PMLA,” Finance Minister Arun Jaitley told the Rajya Sabha in a written reply to a query.
Besides, there are complaints regarding non-payment of investors’ money against 200 companies. Complaints against these entities, which are not registered with the central bank, have been received or noticed by the RBI’s regional office in Kolkata during the last three calendar years and till November 20 this year.