In a significant enforcement action aimed at recouping public funds, the Securities and Exchange Board of India (SEBI) will auction 30 properties belonging to the Rose Valley Group on June 27, with a total reserve price set at Rs 409.02 crore. The assets, spread across multiple states including West Bengal, Bihar, Tripura, and the Andaman and Nicobar Islands, include hotels, resorts, flats, and land parcels. This initiative follows a 2015 Calcutta High Court directive and is part of SEBI’s broader crackdown on illicit collective investment schemes.