06 August 2024

The Directorate of Enforcement (ED) in Kolkata has secured the return of Rs. 12 crore to investors defrauded by the Rose Valley Group. This decision, made by the Hon'ble Special Court (PMLA), followed the ED’s petition to the Assets Disposal Committee (ADC) for the release of seized properties. Despite opposition from Rose Valley promoters, the Court approved the restitution, marking a significant step toward justice. Claimants will receive funds on a pro-rata basis and must agree to refund the amount if required. This move reflects the ED's commitment to combating financial fraud and protecting investors.