Sunday, October 25, 2020
Home News Reports Rose Valley scam: ED summons Bengali superstar Prosenjit Chatterjee on July 19

Rose Valley scam: ED summons Bengali superstar Prosenjit Chatterjee on July 19

According to the ED estimates, the Rose Valley scandal is at least five times the Saradha ponzi scam. The group allegedly floated 27 companies to run various schemes. It allegedly collected Rs.17,520 crore from depositors in West Bengal, Assam and Bihar.

The Enforcement Directorate (ED) has summoned Bengali superstar Prosenjit Chatterjee in connection with the multi-crore Rose Valley scam, in which many big names have surfaced previously.

The ED has asked Prosenjit to appear before them on July 19 to investigate whether any monetary transaction took place between him and Gautam Kundu, the chairman of the Rose Valley group.

According to reports, the Rose Valley group had produced several Bengali films between the year 2010 and 2012. One of the films produced by the chit fund company, named ‘Hangover’, starred Prosenjit Chatterjee. Sources believe that the total expense of the movie was less than Rs 5 lakh. The probe by the agency revealed that Rose Valley, on papers, undervalued the film’s production cost and used depositors money to fund the movie.

Moreover, Prosenjit Chatterjee has been regularly spotted at many Rose Valley events with the main accused Gautam Kundu.

The ED registered a case on the basis of an FIR filed by the Central Bureau of Investigation (CBI). The agency is investigating the cases against Rose Valley Group of Companies, run by the Group’s Chairman Gautam Kundu, for laundering of funds received from the public by way of Ponzi scheme.

The entities affiliated to the group collected large sums of money from gullible investors promising them astronomical returns. The company also allegedly made cross investments in its various sister firms to escape its liability towards its investors.

According to the ED estimates, the Rose Valley scandal is at least five times the Saradha ponzi scam. The group allegedly floated 27 companies to run various schemes. It allegedly collected Rs.17,520 crore from depositors in West Bengal, Assam and Bihar.

The agency had registered an FIR against its Chairman Gautam Kundu and others under the Prevention of Money Laundering Act in 2014 and arrested him on March 25, 2015. The ED also attached his assets worth Rs 2,300 crore, including hotels and resorts. Multiple charge sheets had been filed by the ED in the courts of Kolkata and Bhubaneswar.

Chief of Shree Venkatesh Films and Mamata Banerjee’s close aide, Srikant Mohta had been arrested in January 2019 by the CBI in connection with the Rose Valley scam. The Bengali film producer and distributor was then interrogated by the CBI at his offices. He was served a notice by the agency regarding “acceptance of money from Rose Valley”.

Apart from these, several top leaders of the Trinamool Congress are named in the chit fund scam and facing investigation.

The ED had earlier also interrogated TMC leader Madan Mitra in connection with the scandal. He was interrogated for more than four hours.

Mitra, who was the then transport minister and believed to be a close aide of WB Chief Minister, Mamata Banerjee, was arrested in 2014 by the Central Bureau of Investigation for his alleged connection with the multi-crore Saradha Ponzi scam. He served a jail term of over 21 months before getting bail.

Last year, the ED had rounded up actor turned TMC MP Tapas Pal in connection to the same scam and interrogated him for over 9 hours. Pal was the director of the film division of the Rose Valley Group.

Previously, Tapas Pal was interrogated by CBI in connection with the Rose Valley Chit Fund scam case in 2015. In December 2016 Pal was arrested by the CBI and was kept in judicial custody. He was granted bail in February 2018.

  Support Us  

Whether NDTV or 'The Wire', they never have to worry about funds. In name of saving democracy, they get money from various sources. We need your support to fight them. Please contribute whatever you can afford

OpIndia Staffhttps://www.opindia.com
Staff reporter at OpIndia

Related Articles

Trending now

“Allah will burn this woman in Hell”, Islamists attack TMC leader Nusrat Jahan for participating in Durga Puja

"You are the descendant of Satan -Evil. Don't you feel any shame for doing such dirty things?" an extremist commented on Nusrat Jahan for participating in Durga Pujo.

Times Now asked to air apology to Rahul Gandhi fangirl Sanjukta Basu for calling her ‘Hindu hater’, “We won”, she tweets

The directive to Times Now comes 19 months after Basu had filed a complaint with the NBSA.

Pakistan: Hindu temple vandalised during Navratri, idol of Hinglaj Mata broken by miscreants in Sindh

While taking cognisance of the despicable incident, the Sindh police have assured that they would nab the miscreants soon for vandalising the Hindu temple.

Maharashtra Police arrests Twitter user Sameet Thakkar over ‘Baby Penguin’ remark against Aaditya Thackeray

Twitter user Sameet Thakkar from Nagpur has been arrested for posting derogatory tweets against the Thackerays.

Congress MLA Jitu Patwari insults Shivraj Singh Chouhan while boasting of Kamal Nath’s industrialist friends

Congress MLA Jitu Patwari while addressing a rally in Mandhata referred to Chief Minister Shivraj Singh Chouhan as Kamal Nath's 'pair ki dhool' (unworthy).

Meet Sachin Vaze, the ‘encounter specialist’ cop leading the investigation against Arnab Goswami who was once suspended for custodial murder

Sachin Vaze was suspended from the police force over the custodial death of a 27-year-old software engineer in 2003

Recently Popular

‘He supplies drugs and girls’: Estranged wife of Mahesh Bhatt’s nephew Luviena Lodh alleges harassment by nephew-uncle duo

Luviena Lodh said that Mahesh Bhatt is the don of the industry, and he controls everything that goes on in the film industry

France: Charlie Hebdo cartoons projected on government building to express solidarity with deceased teacher who was beheaded by Islamic terrorist

Days after the barbaric beheading of teacher Samuel Paty on the streets of Paris by a terrorist for showing the cartoons of Prophet Mohammad to his students, support continues to pour in for the deceased teacher.

Radio Mirchi RJ finds space with radical preacher Zakir Naik as she waters down terms like ‘Kafir’ and ‘Jihad’

A video featuring Radio Mirchi RJ Sayema is doing rounds on the internet in which she was seen normalising anti-Hindu bigotry by legitimising the usage of radical Islamic terms as 'Kafir' and 'Jihad'.

‘Encounter specialist’ cop facing murder charges and reinstated by Param Bir Singh had joined Shiv Sena

Sachin Vaze, Pradeep Sharma, who were both 'encounter specialist' cops facing murder charges, were close to Mumbai CP Param Bir Singh

Faisal Khan says he wants to come out of brother Aamir Khan’s shadow who had earlier called him ‘mentally ill’

Faisal Khan said he will have to break out of his superstar brother's shadow and make his own decisions so that people recognise him as an individual

Exclusive: Conversation that shows how Mumbai Police is trying to coerce witness into naming Republic TV in TRP scam

While Hansa Research report and the FIR filed named India Today in TRP scam, in less than 24 hours, Mumbai Police had seemingly made up its mind that Republic TV was the culprit
- Advertisement -

News Broadcasters Association asks Republic journalists not to cross ‘Lakshman Rekha’, says their journalism is toxic and unethical

NBA issues statement in Mumbai Police-Republic TV clash, says it does on agree with the channel while paying lip service to freedom of speech

“Allah will burn this woman in Hell”, Islamists attack TMC leader Nusrat Jahan for participating in Durga Puja

"You are the descendant of Satan -Evil. Don't you feel any shame for doing such dirty things?" an extremist commented on Nusrat Jahan for participating in Durga Pujo.

Times Now asked to air apology to Rahul Gandhi fangirl Sanjukta Basu for calling her ‘Hindu hater’, “We won”, she tweets

The directive to Times Now comes 19 months after Basu had filed a complaint with the NBSA.

Pakistan: Hindu temple vandalised during Navratri, idol of Hinglaj Mata broken by miscreants in Sindh

While taking cognisance of the despicable incident, the Sindh police have assured that they would nab the miscreants soon for vandalising the Hindu temple.

Maharashtra Police arrests Twitter user Sameet Thakkar over ‘Baby Penguin’ remark against Aaditya Thackeray

Twitter user Sameet Thakkar from Nagpur has been arrested for posting derogatory tweets against the Thackerays.

Congress MLA Jitu Patwari insults Shivraj Singh Chouhan while boasting of Kamal Nath’s industrialist friends

Congress MLA Jitu Patwari while addressing a rally in Mandhata referred to Chief Minister Shivraj Singh Chouhan as Kamal Nath's 'pair ki dhool' (unworthy).

Dear Rahul Gandhi, time to go to Baran to fight for justice of those minor girls whose rape was denied by Rajasthan CM

Rajasthan Chief Minister Ashok Gehlot had denied the Baran rape case saying that the victims had gone with the culprits willingly

Meet Sachin Vaze, the ‘encounter specialist’ cop leading the investigation against Arnab Goswami who was once suspended for custodial murder

Sachin Vaze was suspended from the police force over the custodial death of a 27-year-old software engineer in 2003

Farooq Abdullah, Mehbooba Mufti, Sajjad Lone come together to form ‘Gupkar Alliance’, vow to restore articles 370, 35A and statehood in Jammu & Kashmir

The in the Gupkar alliance seeks restoration of Articles 370 and 35A and also the statehood for Jammu and Kashmir

PM Narendra Modi inaugurates three key projects in Gujarat, calls it a symbol of strength, devotion and health

PM Narendra Modi virtually inaugurated three development projects related to agriculture, tourism and health in Gujarat today

Connect with us

245,563FansLike
468,008FollowersFollow
19,200SubscribersSubscribe