Rose Valley Scam

Markets regulator Sebi on Wednesday ordered attachment of bank accounts as well as share and mutual fund holdings of Rose Valley and its then directors to recover investors' dues

This recovery proceeding has been initiated against them to recover Rs 1,006.70 crore collected by the company through the issuance of non-convertible debentures (NCDs) to investors

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

The IPL franchise says apart from accepting Rs 11.87 cr from Rose Valley Hotels as sponsorship fees, it had no other dealings with the group

Multiple charge sheets have been filed in the courts in Kolkata and Bhubaneswar by the ED in this case

Shubhra Kundu, who had evaded ED summons for the last three consecutive times, appeared before the investigation agency officials and was quizzed for more than three hours

The chit fund is estimated to have raised Rs 15,000 crore from investors

Mohta was detained and taken to the CBI's office in Salt Lake as the agency allegedly found discrepancies in his answers

Mohta allegedly duped the Rose Valley of Rs 25 crore, CBI sources said

The SEBI had probed the company before the ED and the CBI registered cases against the group

The saffron party adds, BJP leaders are being arrested and harassed by implicating them in false cases