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.