The CBI has filed a supplementary cost sheet towards Rose Valley Real Estates and Construction Ltd, its chairman Gautam Kundu and others in reference to a ponzi rip-off allegedly perpetrated by it in Tripura, officers stated on Friday.
In its cost sheet filed in a district court docket in Tripura towards the corporate belonging to Rose Valley Group which is already underneath scanner for over Rs 12,000 crore ponzi rip-off, the CBI has alleged that the Kolkata-based firm collected deposits price over Rs 31 crore from gullible buyers luring them with enticing presents on land reserving.
The cash collected in violation of the Companies Act and SEBI laws was allegedly diverted to the loss-making group firms knowingly.
Mr Kundu and his executives opened a number of financial institution accounts within the title of the corporate, turned signatories of those financial institution accounts and diverted the fund as per their very own curiosity, the CBI has alleged within the supplementary cost sheet.
“Investigation additionally revealed that the accused used to publicize falsely in regards to the excessive profitability of the Group, opposite to the info and viability of the enterprise of the corporate. They appointed an enormous variety of brokers one above the opposite and induced them to gather deposits by alluring them with excessive proportion of fee and incentives in violation of Companies (Acceptance of Deposits) Rules,” CBI spokesperson RC Joshi stated.
The central company which is probing the ponzi rip-off circumstances since 2014 stated the accused ran an unlawful cash circulation scheme which was banned underneath the Prize Chits and Money Circulation Schemes (Banning) Act.
“They additionally induced the buyers in investing cash in varied schemes of the stated personal firm…The buyers of accused firm’s Amarpur Branch, Tripura have been cheated by non-refund of their funding and Rs 4.81 crore was allegedly misappropriated by the stated accused,” he stated.
The CBI had registered the case on the orders of the Tripura High Court, he stated.
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