The CBI on Monday filed a supplementary chargesheet before a designated court in Agartala (Tripura) against then Chairman and Director of Rose Valley Group of Companies, Gautam Kundu and others in a chit fund scam worth Rs 464 crore.
Earlier, a chargesheet was also filed by Tripura Police during January, 2018.
The CBI had registered a case against the accused on October 18, 2019. During investigation, it was found that the accused, in conspiracy with each other and also with the intention to cheat, had allegedly established the company and became the Directors of the said company.
It was further alleged that the accused Directors in conspiracy with others including the accused company had collected huge public funds in the form of deposits by issuing Certificates in the name of booking rooms in hotels to huge number of investors in violation of Companies Act and SEBI (CIS) Regulations, the agency said.
The accused allegedly formed several other companies under the Rose Valley Group and diverted the money in the group companies knowing that those companies were loss making entities. They opened several bank accounts in the name of the company, became signatories of these bank accounts and allegedly transferred/diverted the fund as per their own interest.
The amounts invested by the investors were allegedly diverted to loss making sister-concerns of the group where the amounts were misappropriated. It was alleged that an amount of Rs 464,80,06,331 was misappropriated.
Besides Kundu, the then Managing Director/Director of Rose Valley Group of Companies, Shibamoy Dutta, then Directors of the Group, Ashok Kumar Saha and Ram Lal Goswami, then Director of Rose Valley Group of Companies besides the accused firm Rose Valley Hotel & Entertainment Limited, Kolkata (West Bengal).