Gautam Kundu
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Gautam Kundu | |
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| Born | 1964 Tripura, India |
| Occupation | Businessman, Film Producer |
| Known for | Chairman of Rose Valley Group |
| Criminal charge(s) | Money laundering |
| Criminal penalty | Ongoing legal proceedings |
Gautam Kundu is an Indian businessman and film producer, best known as the chairman of the Rose Valley Group, a conglomerate involved in real estate, hospitality, media, and entertainment. He gained notoriety for his alleged involvement in a large-scale financial fraud investigated by Indian authorities.
Early Life and Career
Kundu began his career as a LIC agent. In 2003, following the death of his elder brother Kajal Kundu in a car accident, Gautam took over the Rose Valley Group, which Kajal had founded in 1997. Under Gautam's leadership, the company expanded its operations across various sectors, including real estate, hospitality, and media.[1]
Media and Entertainment Ventures
Kundu expanded into the media and entertainment industry through subsidiaries like Rose Valley Films and Brand Value Communications Ltd. These entities produced several Bengali films, including Moner Manush (2010), Laptop (2012), and Shabdo (2013).[1]
Additionally, the group launched television channels such as Ruposhi Bangla, News Time, and Dhoom Music, and published a daily newspaper, Khabar 365 Din.[2]
Controversies
The Rose Valley Group led by Goutam Kundu attracted investments from the public through various schemes, promising high returns. The Securities and Exchange Board of India (SEBI) identified these as unauthorized collective investment schemes. Investigations revealed that the group had raised approximately ₹15,400 crore from investors across multiple states, including West Bengal, Odisha, and Tripura.[3]
In March 2015, the Enforcement Directorate (ED) arrested Kundu under the Prevention of Money Laundering Act for allegedly defrauding investors. The ED's investigation uncovered that the group had over 3,000 bank accounts and assets spread across 12 states.[2]
References
- ↑ 1.0 1.1 "Rise and rise of Gautam Kundu". The Telegraph. 26 March 2015.
- ↑ 2.0 2.1 "Rose Valley chairman Gautam Kundu arrested by ED". The Economic Times. 26 March 2015.
- ↑ "Rose Valley Group's CMD Gautam Kundu has 150 cars, 3,078 bank accounts and more: ED". The Economic Times. 15 July 2015.
External links
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