Bhubneshwar: In great relief for scammers by Rose Valley investors Fund fund schemeA PMLA court in Bhubaneswar ordered on Thursday the reimbursement of RS 332 million rupees to the victims in Odisha.
“The Special Court has published 332 million rupees of crime income for restitution to legal investors,” said a control management official.
ED’s Bhubaneswar Division had attached Rose Valley’s bank assets worth 332 million rupees between 2014 and 2015. The current valuation of these deposits is approximately RS 450 million rupees, a source said.
The Chit fund scheme operated in Odisha, Western Bengal, Assam and Tripura. In Odisha alone, the group fraudulently collected RS 476 million rupees, returning only RS 130 million rupees to investors. ED had attached RS 332 million rupees in the bank deposits of the 346 million remaining rupees.
Asset deletion CommitteeConstituted by Calcuta HC on May 15, 2015, it will supervise the distribution of funds among affected investors. “Around 31 Lakh Rose Valley Group, the depositors have registered their claims through www.rosevalleyadc.com,” said an ed source. ED urged investors who have not yet presented their claims to do it immediately.
The agency presented its charges in 2016 against the president of the Gautam Kundu group and its associates. Kundu was arrested on March 25, 2015 in Kolkata.
