Kolkata: The Enforcement Directorate (ED) has traced around 103 crore of money stashed in various bank accounts in Assam and West Bengal by Rose Valley. At least 151 bank accounts have been discovered in which the money was stashed to avoid detection.
Earlier, the investigative agency, had unearthed 2600 bank accounts of Rose Valley, and seized 295 crore rupees illegally raised by the company from investors.
An estimate by ED suggested that Rose Valley had channeled more than twice the amount from market in comparison to Saradha. A lump sum estimate suggested that five thousand crores have been collected by the company from market.
ED is investigating further to trace other bank account and money of the company. The agency is yet to access the balance sheets of Rose valley for the past years.
Rose Valley chief Gautam Kundu is behind the bars over accusation of orchestrating a massive chit fund scam.