KOLKATA: Rose Valley, which is underneath the concurrent probe of the CBI and ED for allegedly defrauding investors, has already returned round Rs 10,500 crore out of Rs 17,520 crore raised from them, an official mentioned on Monday.
He mentioned the ED had additionally connected properties price Rs 4,500 crore and filed two prosecution complaints with the designated Prevention of Cash-Laundering Act (PMLA) court docket.
“Out of Rs 17,520 crore raised by Rose Valley, which has been in in operation since 1999, round Rs 10,500 crore has already been returned to traders,” the ED official mentioned.
The probe into the Rose Valley rip-off began six years in the past.
The official mentioned the second prosecution grievance is towards all those that have been accused, together with the proprietor of Rose Valley, who continues to be in jail.
“The designated court docket has given a date in November for listening to on the grievance, which had been filed by SEBI,” he mentioned, including, the court docket would additionally body fees towards the accused on the day of listening to.
The official mentioned there have been cases of forging of paperwork and dishonest by “some unscrupulous parts who’re making an attempt to derail the session trial”.

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