By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Sikkim Breaking News | News From SikkimSikkim Breaking News | News From Sikkim
  • Home
  • Trending
    • Latest News
    • Global News
    • Week in Review
  • Politics
    • Sikkim
    • North-East
    • Darjeeling & North Bengal
    • National
  • SC Investigatives
  • SC Stories
    • Education
    • Social Issues
    • Geo-Politics
  • एस सी नेपाली
  • Health
  • Society
  • Fact-Checks
Reading: ED searches premises of Emparta Infrastructure Pvt Ltd in Sikkim, Siliguri; Unaccounted cash of Rs 44 lakhs seized
Share
Notification Show More
Aa
Sikkim Breaking News | News From SikkimSikkim Breaking News | News From Sikkim
Aa
  • Trending
  • World
  • Science
  • Technology
  • Fashion
  • Home
    • Home 1
    • Home 2
    • Home 3
    • Home 4
    • Home 5
  • Categories
    • Technology
    • Trending
    • Fashion
    • World
    • Science
    • Health
  • Bookmarks
  • More Foxiz
    • Sitemap
Follow US
LAWSikkim

ED searches premises of Emparta Infrastructure Pvt Ltd in Sikkim, Siliguri; Unaccounted cash of Rs 44 lakhs seized

Sherab Palden Bhutia
Last updated: 2023/07/09 at 8:27 AM
By Sherab Palden Bhutia
Share
2 Min Read
SHARE

During the search operations conducted on Friday, the M/s Emparta Infrastructure Pvt Limited voluntarily tendered draft amounting Rs 2.60 Crore of their pending arrears of lease rent pertaining to a Rose Valley Group hotel.

The Enforcement Directorate on july 7 conducts searches at various premises of Emparta Infrastructure Pvt Ltd and its directors in Sikkim and Siliguri.

As per ED, the Financial probe agency has initiated investigation under the provisions of Prevention of Money Laundering Act, 2002 against Rose Valley Group of companies along with other persons related to company by taking note of various FIRS registered by West Bengal Police and CBI against companies of Rose Valley Group & Ors With the Rose Valley Ponzi scheme money laundering case.

During the search operations conducted on Friday, the M/s Emparta Infrastructure Pvt Limited voluntarily tendered draft amounting Rs 2.60 Crore of their pending arrears of lease rent pertaining to a Rose Valley Group hotel.

“Unaccounted cash of Rs 44 lakhs was also seized from the premises under search.” Informs ED through Press Release

Further, it was found that Rose Valley Group collected funds from the people by floating fake and fictitious schemes and defaulted the re-payments amounting to Rs 6,666 crore which constitutes the proceeds of crime. ” During the course of investigation, movable and immovable properties to the tune of Rs. 1,172 Crore have already been attached and seized so far. The promoter/owner/chairman of Rose Valley Group of Companies, Gautam Kundu, who has been arrested by the ED in March 2015 is still in judicial custody.” Informs ED through Press Release

“So far, ED has filed one Prosecution Complaint and two supplementary complaints.” Added the statement

Subscribe to Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

[mc4wp_form]
TAGGED: Gangtok, News from Sikkim, Sikkim, Sikkim News
Sherab Palden Bhutia July 9, 2023 July 9, 2023
Share This Article
Facebook Twitter Copy Link Print
Share
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Fast Four Quiz: Precision Medicine in Cancer

How much do you know about precision medicine in cancer? Test your knowledge with this quick quiz.
Get Started
Response to MP Indra Hang Subba’s misleading statement on Caste-Based census

Views/opinions expressed in this article is of the author not of Sikkim…

The irritating habits of some Babus and Babunis of stuck-up paper-pushers

You have been extraordinarily lucky if you have never fallen victim to…

Statewide checking of motor vehicles sets off; 66,703 plusunder the checklist

Gangtok, January 06 66,703 plus motor vehicles will be checked and their documents and other such necessities will be…

You Might Also Like

Opinions

Response to MP Indra Hang Subba’s misleading statement on Caste-Based census

By SC Bureau
Latest News

Centre Notifies NH-210 in Sikkim Connecting Melli to Singtam via Samardong and Mamring.

By SC Desk
Latest News

ECINET Operations started in Bye-polls Election Commission releases Index Cards for bye-elections in under 72 hours

By SC Desk
National

ECI to begin Special Intensive Revision of Electoral Rolls in Bihar

By SC Desk
Facebook Twitter Youtube Instagram
Company
  • About us
  • Privacy Policy
  • Terms and conditions
  • Disclaimer
  • ADVERTISE WITH US
  • Disclosure of Grievances
  • Support our Journalism
  • WORK WITH US
  • Contact
More Info
  • Innovate
  • Gadget
  • PC hardware
  • Review
  • Software

Sign Up For Free

Subscribe to our newsletter and don't miss out on our programs, webinars and trainings.

[mc4wp_form]

Join Community
© Copyright 2023, All Rights Reserved | The Sikkim Chronicle | Designed by Nanda Lall Sharma
adbanner
AdBlock Detected
Our site is an advertising supported site. Please whitelist to support our site.
Okay, I'll Whitelist
Welcome Back!

Sign in to your account

Lost your password?