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KKR CEO questioned by ED in Rs 15,000 cr Rose Valley case

KKR CEO questioned by ED in Rs 15,000 cr Rose Valley case

New Delhi: CEO of Red Chillies Entertainment and CEO and Managing Director of IPL team Kolkata Knight Riders, Venky Mysore, was questioned by officials of the Enforcement Directorate on Friday at their Kolkata offices in connection with the Rs 15,000 crore Rose Valley chit fund case.

The IPL cricket team was at one point in time principally sponsored by the Rose Valley Group for about three years and had made several payments into the team's accounts.

A senior official with direct knowledge of the matter said that Mysore arrived for questioning at around 11 am in the day and left at nearly 6 pm, during which he was asked about Rs 12 crore paid to the KKR team by the chit fund company around 2012.

The financial probe agency wanted to know how and where the money from Rose Valley was spent and which expenses were incurred by this money.

Officials in the know said that Mysore was cooperative and answered the agency's questions and that he has been further asked to produce several documents with respect to the payments within two weeks' time.

A senior official said that earlier the CFO of the cricket team was summoned for questioning in the case, whose answers were not satisfactory, as a result of which Mysore was deposed by the agency.

The ED along with the CBI is probing several of the chit fund cases such as the Rose Valley case, Saradha case and many others.

The agency started its probe in the Rose Valley case and its principal promoter Gautam Kundu in 2014 and has since then filed multiple chargesheets in the case in Kolkata and Bhubaneshwar.

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