New Delhi, Apr 20 (UNI) Enforcement Directorate (ED) on Tuesday said that it has taken possession of movable and immovable properties worth Rs 155.54 Crore of Basil Group of Companies and Rose Valley Group of companies in a ponzy scheme case.
The officials in ED said that a money laundering probe against above said companies were involved in floating various fake and fictitious schemes and had collected huge amount of money from common gullible public and defaulted the re-payments.
They also said that during the investigation in this case has revealed that several properties in the state of Tripura, Assam, West Bengal, Odisha, Uttar Pradesh, Maharashtra and Jharkhand were acquired in the name of various companies of Basil Group and Rose Valley Group, by illegally diverting the funds collected from the common public.