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News Topical, Digital Desk : The Kolkata Zonal Office of the Enforcement Directorate (ED) has achieved a significant milestone in the process of providing compensation to victims of the Rose Valley Group Ponzi scam. In collaboration with the Asset Disposal Committee (ADC), the Enforcement Directorate has completed this task.
According to reports, this collaborative effort has successfully completed multiple rounds of fund recovery, returning ₹127.69 crore to over 1.7 lakh investors as of April 2026. This recovery process is being considered a major victory for transparency and victim-focused legal action.
ED collected Rs 1568 crore from several states
This shows that the ED's role is not limited to investigations. It is also actively involved in selling seized assets and returning them to their rightful owners.
Rose Valley Group had fraudulently collected around Rs 17,520 crore from investors in West Bengal, Assam, Odisha and other states by promising high returns, of which Rs 6,666 crore was not returned to the investors.
Since the investigation began, the ED has taken sincere steps to trace, attach, seize and secure the properties of the Rose Valley Group.
So far, the ED has attached or seized movable and immovable properties with a book value of about Rs 1,568 crore spread across several states, including West Bengal, Odisha, Assam and Tripura, with an aim to provide maximum compensation to the affected victims.
Work made easier with the help of AI
Meanwhile, a major milestone in the compensation process was reached on April 22, 2025, when the ED, under orders from the Bhubaneswar Special Court, handed over a demand draft of ₹517.54 crore to the ADC. This made it possible to pay compensation to the victims.
In a major development, the ED and ADC have started automating the claims and payment process through Artificial Intelligence (AI)-based technology, for which the High Court had given its approval on March 31.
ADC signs MoU with a government company
To this end, ADC has signed an agreement with Stock Holding Document Management Services Limited, a government company, to improve the refund portal and ensure timely processing of KYC information and multiple claim reconciliations.
Apart from this, ED is also investigating other chit fund scams in West Bengal and is taking necessary legal steps to get the innocent victims their property back as soon as possible.
ED is fully committed to assist ADC in securing the assets acquired through crime, converting them into cash and then returning them to the legal beneficiaries with complete transparency and speed.
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