In what could be termed as the biggest revelation on an Indian businessman who has been named as a fraudster. As per an Economic Times report, Rose Valley Group's CMD Gautam Kundu has a total of 700 acres land spread across 12 states, 23 hotels, 150-odd cars, including a dozen imported luxury vehicles, 900 branch offices and 3,078 bank accounts.
The businesses are spread across the nation; and include states like West Bengal, Odisha, Bihar, Assam, Punjab, Delhi, Rajasthan, MP, Tripura, Rajasthan, Jharkhand and Andhra Pradesh.
The directorate, however, has started listing the properties and assets but investigators have alleged possibility of more possessions. They claim that the quantum of land Kundu owns could be over 1,000 acres.
The group, in the past few years, has gained a wealth of Rs 15,400 crore- six times higher than what the redundant Saradha group collected from people in Bengal, Bihar and Odisha.
The investigating agency, ED which is now looking into the complaints against the group, has accessed the software and bank data of the company. The bank details of the firm revealed that the group returned only Rs 900 crore to its investors on maturity. Yogesh Gupta, special director, ED, east confirmed to ET that it has filed a charge sheet in the matter.
The list of Kundu's property, prepared by the investigating company claims that Kundu owns 15 acres in Assam, 10 acres in Madhya Pradesh, 110 acres in Tripura and around 100 acres in West Bengal. Also, it says that he invested in East Midnapore, West Midnapore, Burdwan, Darjeeling, Jalpaiguri , Howrah, Bankura, North and South 24 Paraganas districts.
In East Midnapore alone, he has 12 plots. The group had also claimed to have bought property in Kolkata, Port Blair, North Lakhimpur, Ranchi, Durgapur, Siliguri, Mondarmani, Lataguri, Falakata, Midnapore, Tarapith, Old Digha, Silchar, Haridwar, Goa, Gaya, Jaipur and New Delhi.
Not just this, but some 23-odd hotels across the country, which includes luxury properties in Jaipur, Jalpaiguri, East Midnapore, Siliguri and Kolkata, were also listed. It has seven premium residencies at the northern fringes of Kolkata; a 6,000 square feet villa in Ranchi and a gold and diamond jewellery mall. The group has 900 branches spread over West Bengal, Odisha, Bihar, Assam, Punjab, Delhi and Andhra Pradesh.
Source - business insider