Enforcement Directorate: A big step has been taken after the continuous efforts of ED. The PMLA Special Court in Khurda district of Odisha has ordered investors of Rose Valley Group of Companies to return their money. The court has approved the release of assets worth Rs 450 crore (current price), which was deposited in various banks in the form of fixed deposits. The ED seized this amount under Rose Valley Chit fund scam.
ED had investigated in four states
The ED had investigated the chit fund scam in many states Odisha, West Bengal, Assam and Tripura against Gautam Kundu, managing director of Rose Valley Group Off Companies. The company raised money from millions of investors, but later the scam came to light. In this case, the court has ruled that investors will get their money back.
22 crores have been distributed so far & nbsp;
The court has entrusted the Asset Disposal Committee (ADC) the responsibility of returning these funds to investors. This committee was formed by the order of Kolkata High Court, whose chairman is retired judge Dilip Kumar Seth. ED Kolkata has played an important role in this entire process. So far, more than 31 lakh investors have their claim details www.rosevalleyadc.com registered on the website. Of these, the claims of 32,319 investors have been investigated and so far Rs 22 crore has been distributed.
whoever has not been able to present his claim so far. They immediately www.rosevalleyadc.com Go to the website and upload your document. Those who have already applied, do not need to register again. This is the biggest action of ED so far in Odisha, in which such a huge amount is being returned to investors. In the coming months, more investors are expected to get their money back.
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