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Rose Valley Group Chairman, Main Accused In Ponzi Case, Gets 7-Day Bail

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Rose Valley Group Chairman, Main Accused In Ponzi Case, Gets 7-Day Bail

Calcutta High Court mentioned Gautam Kundu must keep at his mom’s house for the interval. File

Kolkata:

The Calcutta High Court immediately granted interim bail for seven days to Gautam Kundu, the primary accused within the Rose Valley ponzi fund rip-off, as he sought to satisfy his ailing mom and minor little one.

The chairman of the Rose Valley group of firms was arrested by the Enforcement Directorate in March 2015 in reference to its probe into the ponzi rip-off.

Justice Shivakant Prasad directed that Gautam Kundu be launched for seven days — from August 9 until August 15 — upon furnishing a bond of Rs 50,000 together with money deposit, additionally of the identical quantity, with two sureties of Rs 10,000 every. He additionally mentioned that Gautam Kundu must keep on the residence of his mom in the course of the interval.

The ponzi rip-off accused was directed to give up on August 16 at 10.30 am within the Presidency Correctional Home at Alipore right here.

“The Enforcement Directorate shall be at liberty to take assistance of two armed police personnel from the local police station concerned to remain as house guards at the residence of the mother of the petitioner,” the court docket directed.

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(THIS STORY HAS NOT BEEN EDITED BY INDIA07 TEAM AND IS AUTO-GENERATED FROM A SYNDICATED FEED.)

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