digging it out
real estate investor protection
Thorn among roses
The
Rose Valley Group, with its interests in hospitality, films, amusement
parks and finance, is already under the SEBI lens but continues to
operate unabashedly
byAnil Tyagi
This is
the story of how a national resource has been systematically looted by
vested interests. It also documents how, as part of a larger conspiracy,
a private company was able to squander Rs 2,816.24 crore belonging to
the poor in the name of selling land and farm houses in West Bengal that
did not exist, not even in their own brochures. It is a scam being
perpetrated by the infamous ‘Rose Valley Group’ for almost a decade now,
involving thousands of crores of money earned by small investors.
Gfiles
has compiled a comprehensive record of how the Kolkata-based Rose
Valley Group of Companies systematically plundered the poor man,
publishing false claims to give a home to the common man. What is sad is
that this loot has taken place in full public view, despite complaints
and protest notes based on public documents and actions having been
filed, the promoters and directors of the Rose Valley Group are yet to
be held accountable...Read More
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