The Enforcement Directorate (ED) is investigating into multi-crore Rose Valley ponzi scam case, has requested the duped investors to approach the asset disposal committee, who was appointed by Calcutta High Court to recover the dues.
According to an ED official, the investors were promised with high returns on their investments by ponzi firm, were free to approach the committee that was developed following a high court suggestion in 2015.
An ED official said, “In the Rose Valley ponzi scam case, so far the ED has attached properties worth Rs. 4,600 crore.”
The ED has attached Rose Valley assets amounted Rs. 2300 crore in one go, including 2 hotels and 2 resorts, which is the single largest attachment till date in the case.
The total assets are to be sold off through public auction and the money acquired would be used to repay off the investors.
The Enforcement Directorate had also registered an FIR under the Prevention of Money Laundering Act (PMLA) against Rose Valley, its Chairman Gautam Kundu and other related in 2014.
Mr. Kundu was detained by ED in 2015 from Kolkata.
Numerous charge sheets have been lodged in the courts in Bhubaneswar and Kolkata in the case by the ED.
The group had been accused of floated a total of 27 companies to operate the chit fund, of which only six were operating.