Rose Valley road to minister daughter - Account of Sadhan Pande's daughter shows she got Rs 2cr for designing office & resort

Shrreya Pande. File picture

TT, Calcutta, June 5: The Enforcement Directorate probing the Rose Valley deposit-mobilising scam has stumbled upon bank details that suggest Shrreya Pande, the daughter of Trinamul MLA and minister Sadhan Pande, had received nearly Rs 2 crore from the company.

The money apparently was paid to Shrreya, a socialite who has dabbled in films and modelling, for designing the interiors of some Rose Valley properties in Calcutta and Mandarmani, a seaside resort in East Midnapore.

Shrreya has denied any wrong doing and said she was been targeted because she is a politician's daughter.

Gautam Kundu, the chairman of Rose valley, is now in jail.

The ED sent summons to Shrreya asking her to turn up today at its Salt Lake's CGO complex office.

She did not go to the ED office but sent one of her lawyers who met the officials and submitted documents and pictures relating to the work she had done and her transactions with Rose Valley.

"We need to know whether the amount she received for her job as an interior designer was in keeping with the prevailing market rates," said a ED official.

"It is also important to know how she was selected for the job among a host of others in the same field."

Since March, when the ED arrested Gautam Kundu for allegedly duping lakhs of investors to the tune of several crores, senior officials have been scanning the bank account details to understand two things.

First, what was the route through which the crores travelled. And then, who were the beneficiaries.

According to estimates, Rose Valley had mopped up about Rs 15,000 crore from the public - several times more than the money collected by Sudipta Sen's Saradha Group - spreading its tentacles across several states, among them Tripura and Odisha.

In the chargesheet that was submitted on April 3, the ED revealed that besides floating schemes, which did not have SEBI sanction, Rose Valley also went about collecting a few crores by floating illegal debentures to fictitious persons.

After Tapas Paul, Sadhan Pande, the minister for state consumer affairs, is the second Trinamul leader whose name has surfaced in the Rose Valley probe.

Pal was the director of Brand Value Communication - the Rose Valley group's films division.

Pande refused comment, but Shrreya said she was being targeted for being the daughter of a politician.

"I am being framed because I am a particular politician's daughter," she told The Telegraph . "I had worked on the interiors of some of the properties of Rose Valley between 2012 and 2013 and I stopped after some of my dues were not cleared."

Shrreya admitted of not undergoing any formal training in interior designing but said she had worked for some top-line clients, including the Tatas and the RBI.

"I met Kundu at a party and he offered me work for some of his properties. I am yet to receive Rs 25 lakh from the company."

Insiders said Shrreya had worked for the interiors of a news channel's office that Kundu owned on Mirza Ghalib Street in Calcutta, apart from doing the interiors of the 1700sqft restaurant in Mandarmani.

The ED said they want to know how the payments for these projects were made.