March 13, 2025 6:11 PM

Encroachment on confiscated land of chit fund entity: ED warns Bengal govt

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 ...