Enforcement Directorate | Returning the booty

For 57-year-old Somnath Chakraborty, worker of a non-public sector firm in Kolkata, the promise of annual returns of greater than 12 per cent enticed him to take a position practically Rs 2 lakh in a discount fund scheme floated by the Rose Valley Group in 2010. Like him, some three million small traders poured their hard-earned financial savings into the scheme, earlier than the Central Bureau of Investigation (CBI) launched an inquiry and declared it fraudulent in 2015. The Directorate of Enforcement (ED), the central company chargeable for investigating cash laundering and terror financing, additionally stepped in.