File Photo: Rose Valley Group chairman Gautam Kundu. (Press Trust of India)
The Enforcement Directorate (ED) would file its first chargesheet in the Rose Valley ponzi scam case tomorrow.
"We are going to file the first charge sheet in Rose Valley case tomorrow under the Prevention of Money Laundering Act (PMLA) court", an ED official told PTI.
The charge sheet would be filed on the basis of SEBI complaint to ED following which the chairman of Rose Valley group Gautam Kundu was arrested by the agency.
After five days of ED custody, he had been remanded to 10 days of jail custody yesterday.
Sources said only Kundu's name would be there in the charge sheet.
"We will file four more chargesheets in the Rose Valley case at a later date which would be mainly look after the criminal conspiracy angle", the official said.
On the basis of SEBI complaint, ED had discovered that Rose Valley had garnered more than Rs 15,000 crore from public through issue of various financial instruments which did not have sanction of the capital market regulator.
ED had also frozen numerous bank accounts and fixed deposits of the Rose Valley group.
Rose Valley had ventured out in the areas of tourism, hospitality and media.