Rose Valley ponzi scam: Enforcement Directorate takes possession of Rs 304-crore assets
The Rose Valley group of companies 'had collected huge amount of money from gullible public by floating various fake and fictitious schemes and defaulted the re-payments'.
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By PTI
NEW DELHI: The Enforcement Directorate on Friday said it has taken "possession" of assets worth Rs 304 crore in connection with its money laundering case in the alleged Rose Valley ponzi scam that took place in West Bengal and Odisha.
"Possession has been taken of properties of the Rose Valley group of companies throughout West Bengal, Tripura and Odisha under the Prevention of Money Laundering Act (PMLA). This includes 412 movable properties amounting to Rs 47 crore and 426 immovable properties worth Rs 257 crore," the central probe agency said in a statement.