This fraudster owns 150 Cars, 3,078 Bank Accounts, 700 Acres land and more

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This is the biggest revelation on an Indian businessman who has been named as a fraudster.

Rose Valley Group's CMD Gautam Kundu’s businesses are spread across the nation, and include states like West Bengal, Odisha, Bihar, Assam, Punjab, Delhi, Rajasthan, MP, Tripura, Rajasthan, Jharkhand and Andhra Pradesh. It has 900 branch offices spread over West Bengal, Odisha, Bihar, Assam, Punjab, Delhi and Andhra Pradesh, and 3,078 bank accounts.

The investigating agency, ED has looked into the bank details of the firm. It revealed the group returned only Rs 900 crore to its investors on maturity.

Here’s more on Kundu and his ill businesses:

Image Credit: Indiatimes

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Money

Money
The group, in the past few years, had gained a wealth of Rs 15,400 Crores - six times higher than what the redundant Saradha group collected from people in Bengal, Bihar and Odisha.

Cars

Cars
Kundu lived in style with over 150 odd cars, including a dozen imported luxury vehicles.

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ohmyindia_rosevalley

ohmyindia_rosevalley
The group claimed to have bought property in Kolkata, Port Blair, North Lakhimpur, Ranchi, Durgapur, Siliguri, Mondarmani, Lataguri, Falakata, Midnapore, Tarapith, Old Digha, Silchar, Haridwar, Goa, Gaya, Jaipur and New Delhi.

It also had seven premium residencies at the northern fringes of Kolkata; a 6,000 square feet villa in Ranchi and a gold and diamond jewellery mall. Investigators have alleged possibility of more possessions.

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Hotels

Hotels
Some 23-odd hotels across the country, which includes luxury properties in Jaipur, Jalpaiguri, East Midnapore, Siliguri and Kolkata, were also listed.

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Land

Land
Rose Valley has a total of 700 acres land spread across 12 states. The directorate, however, claim that the quantum of land Kundu owns could be over 1,000 acres.

This includes 15 acres in Assam, 10 acres in Madhya Pradesh, 110 acres in Tripura and around 100 acres in West Bengal. In East Midnapore alone, he has 12 plots.

Also, it says that he invested in East Midnapore, West Midnapore, Burdwan, Darjeeling, Jalpaiguri , Howrah, Bankura, North and South 24 Paraganas districts.
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