Arrested Rose Valley Group chief admitted to jail hospital

Admin   |   07 December, 2015   |   781   |   3980

Gautam Kundu, chairman of the Rose Valley Group that ran ponzi schemes, who is behind bars since March 2015 for illegally raising money from the market, was admitted to the jail hospital on Saturday.

Mr. Kundu, currently under judicial custody, is lodged at the Presidency Correctional Home here.

“Mr. Kundu is undergoing treatment. He has several health issues,” a jail official told The Hindu . He was reportedly admitted to the jail hospital earlier in the day after being diagnosed with jaundice.

The Enforcement Directorate had arrested Mr. Kundu in March for alleged money laundering. Alleging non-cooperation by the Central agencies, Mr. Kundu had recently threatened to commit suicide.

On November 30, during his production at Jalpaiguri court, Mr. Kundu sustained minor injuries as he banged his head on the lock-up doors. Before being taken to the courtroom, Mr. Kundu told journalists that if the “non-cooperation” of the Central investigating agencies continued, he would commit suicide. He alleged that he was being “mentally tortured” by the jail authorities and objected to being kept in the same cell with other criminals.

According to investigators, the Rose Valley Group of Companies had allegedly raised Rs.15,000 crore from the markets.