This will be a biggest revelation that an Indian businessman will be termed as a fraudster. According to the reporters, Rose Valley Group’s CMD Gautam Kundu has a total of 700 acres land spread across 12 states, 23 hotels, 150-odd cars, including a dozen imported luxury vehicles, 900 branch offices and 3,078 bank accounts.
His businesses are also spreading all over India which includes states like West Bengal, Odisha, Bihar, Assam, Punjab, Delhi, Rajasthan, MP, Tripura, Rajasthan, Jharkhand and Andhra Pradesh. The investigators had found him as fraud listing out all his properties and assets. The quantum of land Kundu owns could be over 1,000 acres.
In the past few years, he has gained a wealth of Rs. 15,400 crores. The investigating agency are now looking for the complaints which are made against him. This group has returned only Rs. 900 crore to its investors that was reveled through bank details. Yogesh Gupta who is a special director had filed a charge sheet in this matter.
The investigating company had claimed Kundu’s property in many of the states like 15 acres in Assam, 10 acres in Madhya Pradesh, 110 acres in Tripura and around 100 acres in West Bengal. And also investigated in East Midnapore, West Midnapore, Burdwan, Darjeeling, Jalpaiguri, Howrah, Bankura, North and South 24 Paraganas districts.
In East Midnapore he individual has 12 plots. He also bought properties in Kolkata, Port Blair, North Lakhimpur, Ranchi, Durgapur, Siliguri, Mondarmani, Lataguri, Falakata, Midnapore, Tarapith, Old Digha, Silchar, Haridwar, Goa, Gaya, Jaipur and New Delhi. Not only this, he also owns 23 hotels across the country.
Investigators also listed out luxury properties in Jaipur, Jalpaiguri, East Midnapore, Siliguri and Kolkata. In the northern fringes of Kolkata he owns seven premium residences. He has 6,000 square feet villa in Ranchi and also has gold and diamond Jewellery mall. The Kundu group has 900 branches across many states like Jalpaiguri, East Midnapore, Siliguri and Kolkata.
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