ED attaches properties in money laundering investigation against Rose Valley Group of Companies aninews.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from aninews.in Daily Mail and Mail on Sunday newspapers.
A provisional order for attachment of assets has been issued under the Prevention of Money Laundering Act (PMLA) and as many as 139 immovable properties consisting land, flats, commercial and office space, shops etc. registered in the name of various companies of Rose Valley Group and its directors
The Enforcement Directorate (ED) on Wednesday said it has attached 139 movable and immovable properties worth Rs 150 crore belonging to the Rose Valley Group of Companies and the directors, under the Prevention of Money Laundering Act .
Besides, Sharma will also be handling the affairs of the agency s Guwahati (Zone-2) office. While ED s Kolkata (Zone-1) office is responsible for probe against different chit fund entities based out of West Bengal namely Saradha Group and Rose Valley Group among others, the agency s Guwahati (Zone-2) office is handling the investigations against the Ponzi entities in Assam.So,
With a clear aim to reaccelerate the pace of its investigation in the different chit fund scams in West Bengal, senior Indian Revenue Service (IRS) officer, Vinod Sharma had been roped in as the joint director of the agency's Kolkata (Zone-1) .