ED searches premises of Emparta Infrastructures in Rose Valley cash laundering case
3 min read
By IANS
NEW DELHI: The Enforcement Directorate (ED) on Friday stated that it carried out searches at a number of premises of Emparta Infrastructure Pvt Ltd and its administrators in reference to the Rose Valley ponzi scheme cash laundering case
The monetary probe company, in a press release, stated that it carried out searches at a number of premises of the corporate and its administrators in West Bengal’s Siliguri and Sikkim on Thursday. It stated that in searches Emparta Infrastructure Pvt Limited has voluntarily tendered a draft amounting Rs 2.60 crore of their pending arrears of lease lease pertaining to a Rose Valley Group lodge.
It additionally stated that unaccounted money of Rs 44 lakh was additionally seized from the premises throughout search.
The ED had initiated a cash laundering case towards Rose Valley Group of corporations together with different individuals associated to firm on the premise of assorted FIRs registered by West Bengal Police and the CBI.
During the probe, it was discovered that Rose Valley Group collected funds from the individuals by floating pretend and fictitious schemes and defaulted the re-payments amounting to Rs 6,666 crore which constitutes the proceeds of crime. During the course of investigation, movable and immovable properties to the tune of Rs 1,172 crore have already been connected and seized up to now.
The ED had arrested Gautam Kundu, promoter, proprietor, chairman of Rose Valley Group of Companies, in March 2015 and he’s nonetheless in judicial custody. The ED has filed a cost sheet and two supplementary cost sheets in reference to the cash laundering probe.
NEW DELHI: The Enforcement Directorate (ED) on Friday stated that it carried out searches at a number of premises of Emparta Infrastructure Pvt Ltd and its administrators in reference to the Rose Valley ponzi scheme cash laundering case
The monetary probe company, in a press release, stated that it carried out searches at a number of premises of the corporate and its administrators in West Bengal’s Siliguri and Sikkim on Thursday. It stated that in searches Emparta Infrastructure Pvt Limited has voluntarily tendered a draft amounting Rs 2.60 crore of their pending arrears of lease lease pertaining to a Rose Valley Group lodge.
It additionally stated that unaccounted money of Rs 44 lakh was additionally seized from the premises throughout search.googletag.cmd.push(perform() googletag.show(‘div-gpt-ad-8052921-2’); );
The ED had initiated a cash laundering case towards Rose Valley Group of corporations together with different individuals associated to firm on the premise of assorted FIRs registered by West Bengal Police and the CBI.
During the probe, it was discovered that Rose Valley Group collected funds from the individuals by floating pretend and fictitious schemes and defaulted the re-payments amounting to Rs 6,666 crore which constitutes the proceeds of crime. During the course of investigation, movable and immovable properties to the tune of Rs 1,172 crore have already been connected and seized up to now.
The ED had arrested Gautam Kundu, promoter, proprietor, chairman of Rose Valley Group of Companies, in March 2015 and he’s nonetheless in judicial custody. The ED has filed a cost sheet and two supplementary cost sheets in reference to the cash laundering probe.
