Agartala, Nov 1: The Central Bureau of Investigation (CBI) has filed a supplementary charge sheet against the Rose Valley group chief Gautam Kundu and others in a chit-fund scam of ₹464.8 crore.

In its charge sheet, CBI has named Gautam Kundu (then Chairman and Director of Rose Valley Group of Companies), Shibamoy Dutta (then Managing Director and Director of Rose Valley Group of Companies), Ashok Kumar Saha (then Director of Rose Valley Group of Companies) and Ram Lal Goswami (then Director of Rose Valley Group of Companies) along with Rose Valley Hotel and Entertainment Limited, Kolkata.

Earlier, a charge sheet was also filed by Tripura Police in January 2018.

“During the investigation, it was found that the accused, in conspiracy with each other and also to cheat, had allegedly established the company and became the directors of the said company. It was further alleged that the accused directors in conspiracy with others including the accused company had collected huge public funds in the form of deposits by issuing certificates in the name of booking rooms in hotels to a huge number of investors in violation of the Companies Act and SEBI (CIS) Regulations,” the CBI has alleged.

The federal probe agency has also alleged that the accused formed several other companies under the Rose Valley Group of Companies and became the directors of these companies and diverted the money in the group companies knowing that those companies were loss-making entities.

They opened several bank accounts in the name of the company, became signatories of these bank accounts, and allegedly transferred/diverted the fund as per their interest.

The probe agency claims that the accused used to falsely publicise the high profitability of the group, contrary to the fact and viability of the business of the company. They appointed many agents, one above the other, and induced them to collect deposits by alluring them with a high percentage of commissions and incentives, in violation of Company (Acceptance of Deposits) Rules.

Further, they allegedly used to run illegal money circulation scheme which was banned under Prize Chits and Money Circulation Schemes (Banning) Act,” added the CBI official.

The CBI had alleged that the accused also induced the investors in investing money in various schemes of the said company by offering a high percentage of returns in violation of Companies (Acceptance of Deposits) Rules.

The amounts invested by the investors were allegedly diverted to loss-making sister-concerns of the group where the amounts were misappropriated. The total scam is worth over Rs 464 crore.