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EOW to submit papers for confiscation of Rose Valley assets to Odisha govt today

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Odisha Sun Times Bureau

Bhubaneswar, June 9:

The Economic Offences Wing (EOW) of the Crime Branch will today submit documents to the Finance department of the Odisha government with regard to confiscation of properties belonging to the Ponzi firm Rose Valley, which has its headquarters in neighbouring West Bengal. This was informed by Crime Branch ADG BK Sharma.

Sources said the documents to be submitted by the EOW include papers for 15 acres of land in Balasore and nearby areas owned by Rose Valley, bank deposits worth Rs 51 crore in different banks in the name of the company in Odisha and 12,000 sq feet of commercial space at Utkal Signature on the Cuttack-Bhubaneswar Highway.