Kolkata: Rose Valley investors on Thursday vandalized the Rose valley hotel at Minto Park in Kolkata. Investor complained that ED, CBI did not investigate properly the case. So, for that reason, investors did not get back their money.
Suddenly Minto Park area turned into a battle ground when investors of Rose Valley vandalized the rose valley hotel for getting back their invest money. Huge police force reached the spot to handle the Situation. DC south also presented at spot.
Earlier, The Enforcement Directorate (ED) has attached Rs 300 crore assets of Rose Valley group in its ongoing probe against the chit fund company for money laundering. The attached properties include six hotels in West Bengal, Assam and Bihar, 17 acres of an amusement park in Tripura, office space of 146,364 square feet in Kolkata, 11,445 square feet land in Bhubaneswar, 13 pieces of land, and three flats along-with garage space acquired by the company in one of the best residential society of Kolkata.
The ED investigation revealed that Rose Valley group of companies collected more than Rs 17,000 crore from the public at large throughout India by luring depositors with false promise of high return or interest on their deposits.
“Around Rs 8,600 crore remain outstanding to the public by the company which diverted and siphoned the amount through cheating and has no real business to repay this amount,” an ED official said. The official said the ED had earlier attached Rose Valley’s property having market value of around Rs 1,650 crore which includes several hotels, vehicles, land and cash amounting to around Rs 350 crore.
“With this attachment, the total market value of properties attached in Rose Valley group of company cases has reached around Rs 1,950 crore,” he added.