With the latest action, the total value of assets seized in this case stands at about Rs4,200 crore
1 min read29 Mar 2018Sebi has also restrained the directors of Rose Valley Real Estate from associating themselves with any listed public company for a period of four years
1 min read9 Jan 2018ED and the CBI have been probing the Rose Valley group's illegitimate deposit collection business since early 2014 under direction from the Supreme Court
2 min read3 Jan 2018Adrija was widely seen as a venture funded by public deposits illegitimately collected by Gautam Kundu's Rose Valley group
1 min read28 Dec 2017The two TMC MPs said they supported Rose Valley group because it created jobs, but only to earn people's confidence in its illegitimate deposit schemes, says the CBI charge sheet
2 min read3 May 2017Officials said ED issued a provisional attachment order for seizing hotels of the Rose Valley group located across India
1 min read22 Dec 2016Kundu quit as director of Adrija Gold Corp. in December after being on the company's board for eight months
2 min read14 Apr 2015All the accused have been charged under Prevention of Money Laundering Act
1 min read2 Apr 2015Kundu's lawyers had appealed for a bail claiming not a single investor had lost money. The court rejected the plea and remanded him to jail custody till 9 April
1 min read31 Mar 2015Gautam Kundu was earlier arrested by the federal agency for money laundering
1 min read26 Mar 2015The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared