A city court on Monday issued arrest warrants against five senior officials of the Rose Valley Group, including three directors, in a case of alleged money laundering filed by the Enforcement Directorate.
City sessions court judge G.C. Karmakar issued the warrants against five persons as well as summons against Rose Valley Real Estate Company Limited.
The court issued the warrant or arrest against the company’s managing director Shibomoy Dutta, directors Ashok Kumar Saha and Ramlal Goswami, ex company secretary B.K. Mullick and the company’s debenture trust member Arun Mukherjee.
CBI seeks details of Trinamool’s accounts The ED had on April 2 filed a charge sheet in the Rose Valley ponzi scam case against the incarcerated Rose Valley chairman Gautam Kundu and five others before the court.The court took cognizance of the charge sheet and issued the warrants.
All the accused have been charged under Prevention of Money Laundering Act, ED counsel Abhijit Bhadra said.
The charge sheet was filed on the basis of a SEBI complaint to ED, following which Kundu was arrested by the agency.
On the basis of the SEBI complaint, ED had found out that Rose Valley had garnered more than Rs 15,000 crore from the public through issue of various financial instruments which did not have sanction of the capital market regulator.
ED had also frozen numerous bank accounts and fixed deposits of the Rose Valley group.
