Comments
The Enforcement Directorate has attached assets including resorts, hotels, and land parcels worth ₹2,300 crore in connection with the money laundering probe against deposit taking company Rose Valley. According to a senior official, assets worth of ₹4,200 crore of the Rose Valley has so far been attached in connection with the probe. The agency has been probing the diversion of funds from the Rose Valley Group's deposit taking firms. The ED had registered an FIR against the company and its Chairman Gautam Kundu in 2014 under Prevention of Money Laundering Act (PMLA). Kundu was, subsequently, arrested in 2015.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.