A fraudster Was Caught With 3,078 bank accounts, 700 acres of Land and more

According to an Economic Times report, Rose Valley Group’s CMD Gautam Kundu has a total of 700 acres acreage spread across 12 states, 23 resorts, 150-odd automobiles, including a dozen imported luxury vehicles, 900 division offices and 3,078 bank accounts.

The companies are spread across the nation; and contain states like West Bengal, Odisha, Bihar, Assam, Punjab, Delhi, Rajasthan, MP, Tripura, Rajasthan, Jharkhand and Andhra Pradesh.

The directorate, nevertheless, has began listing the properties and assets but investigators have alleged chance of more possessions. They assert the quantum of property Kundu possesses could be over 1,000 acres.

The group, before several years, has developed a abundance of Rs 15,400 crore- six times higher than what the redundant Saradha group gathered from individuals in Bengal, Bihar and Odisha.

The inquiring agency, ED which is now looking into the grievances contrary to the group, has got the applications and bank information of the organization. The bank aspects of the company disclosed the group returned only Rs 900 crore to its investors on maturity. Yogesh Gupta, specific manager, ED, east supported to ET that it’s filed a charge sheet in the subject.