Rose Valley scam: After Prosenjit Chatterjee, ED summons actor Rituparna Sengupta
A day after issuing summon to Bengali superstar actor Prosenjit Chatterjee, the Enforcement Directorate (ED) has summoned another Bengali actress Rituparna Sengupta in connection with the Rose Valley scam case.
Sources have told India Today that actor Rituparna Sengupta has been called by ED to explain a transaction of around Rs 7 crore. The summons are for next week.
According to sources, Rose Valley had produced several Bengali films between 2010-12. One of the films produced by chit fund company Hangover starred Prosenjit Chatterjee. Sources added that the total expense of the movie was less than Rs 5 lakh. Probe by the agency revealed that Rose Valley, on papers, undervalued the film's production cost and used depositors money to fund the movies.
Earlier this year, CBI had arrested Bengali film producer Srikant Mohta for allegedly receiving Rs 25 crore from Rose Valley.
The agency, is investigating the cases against Rose Valley Group of Companies for laundering of funds received from public by way of ponzi scheme (cheating the common people) and routing the money through a complex maze of huge number of companies and accounts under the guise of loans and advances.
According to ED, "Rose Valley Group masterminded by chairman Gautam Kundu, collected deposits from common people amounting to over Rs 17,000 crore illegally under the hoax of false promise of exorbitant return on maturity without complying the guidelines of RBI and SEBI."
Meanwhile, SEBI has already held that the collection made by the Rose Valley Group of Companies was illegal. They have adjudicated the matter and have also filed prosecution complaint against them. The Rose Valley Group has allegedly made repayment of Rs 10,857 crore including interest of Rs 2,430 crore and around Rs 8,600 crore were still lying outstanding.
"The group was not running any profitable business or was not having any other operational activities to generate revenue and all the expenses incurred by them were from the sole source of fraudulently collected public money. The refunds made against maturity of deposits were from subsequent collection of funds which caused the companies to run in huge losses," said an officer of the agency. The net worth, reserves and surplus of the company work depleted considerably.
Gautam Kundu, chairman of Rose Valley Group of Companies, was arrested by the ED on March 25, 2015.
During the course of investigation, properties worth Rs 933.51 crore of book value (market value to the tune of Rs 1900 crore) were attached on December 22, 2016 and July 28, 2017. Last year, the ED Enforcement Directorate had attached properties worth over Rs 2,381 crore in connection with this case.