New Delhi: Enforcement Directorate (ED) on Friday said that it has taken possession of movable and immovable properties worth Rs 304 crore of Rose Valley Group of companies in a money laundering case.
A special drive was undertaken by Kolkata ED officials for confiscating properties of Rose Valley Group of companies, throughout West Bengal, Tripura and Odisha under PMLA which resulted in taking over possession of 412 movable properties amounting to Rs 47 crore and 426 immovable properties amounting to Rs 257 crore.
A case under Prevention of Money Laundering Act, 2002 (PMLA) was recorded against Rose Valley Group of companies which was found to be involved in collecting huge amount of money from common gullible public by floating various fake and fictitious schemes and defaulted the re-payments.
The officials in the ED said investigation under PMLA has revealed that several properties in the state of West Bengal, Odisha, Tripura, Assam, Maharashtra, Jharkhand and other States in the county were acquired in the name of various companies of Rose Valley Group, by illegally diverting the funds collected from the common public.
After due process of investigation, the central probe agency had attached the properties found to have been acquired from the ‘proceeds of crime’ which was collected by way of selling fake and fictitious schemes and the Adjudicating Authority (PMLA) has confirmed the orders of provisional attachment of said properties.
The ED has also filed its prosecution complaints Rose valley group of companies and its directors before the Special PMLA Court.
Further investigation is in progress, the probe agency said.