The Enforcement Directorate (ED) has sent a communication to the West Bengal government informing the latter about the rampant encroachment on the land owned by the chit fund entity Rose Valley Group, which had been confiscated by the agency.
Since the process of returning money to the depositors of the Rose Valley Group has already started through the auctioning of the confiscated property of the Ponzi entity, the asset disposal committee constituted for that purpose is also a co-signatory to the communique sent to the state government in the matter.
In the communique to the state government, the Central agency and the asset disposal committee requested the state administration to take action to remove existing encroachments from the confiscated property.
However, sources aware of the development said that West Bengal is not the only state whose administration has received such a communique.
Sources added that similar communiques have been forwarded to other state governments, including Odisha, Bihar, Tripura, and Jharkhand, where similar instances of encroachment on Rose Valley Group’s confiscated land have come to the agency’s notice.
Last month, the ED informed that a fresh disbursal of Rs 2.29 crore (Rs 2,29,63,264) as a refund to 3,652 depositors in the Ponzi schemes of Rose Valley Group has been completed in the last and fifth phase by the asset disposal committee headed by Justice Dilip Kumar Seth (retired) and comprising officials of ED.
With this latest disbursal, the total refund to as many as 32,319 depositors in Rose Valley schemes touched Rs 21.98 crore (Rs. 21,98,26,744), the Central agency officials claimed in a statement issued last month.
The ED also stated that the restitution process will continue in the coming months as more claims are scrutinized and validated by the ADC.
In the statement, the ED also claimed that the agency officials have successfully attached movable properties worth Rs 494 crore and immovable properties valued at Rs 1,069 crore, spread across West Bengal, Odisha, Assam, and Tripura, with West Bengal alone accounting for Rs 1,184 crore in attached assets.
(Inputs from IANS)
