ED seizes Rose Valley's properties worth Rs. 1256 crore
According to reports, few lands, resorts, hotels, apartments and at least eight imported cars, including a Rolls-Royce, were seized from several locations in India.
"Though the attached properties are worth 465 crore, but the present market value of the seized assets are 1256 crore rupees," an ED official told IBNS.
Earlier the ED freezed at least 2631 bank accounts, having a total amount of nearly 295 crore rupees, of the chit fund group.
Chairman of Rose Valley Group of Companies, Gautam Kundu, was arrested by the ED on Mar 25 last year and he is in judicial custody.
(Reporting by Deepayan Sinha)
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