Tag: Rose Valley Group

Cuttack: In a move likely to bring relief to the small investors duped by chit fund companies, the Orissa High Court today directed two major chit fund firms Seashore and Rose Valley Group to identify the investors and refund their money. The High Court has given two months time to the firms to complete all […]

The Central Bureau of Investigation (CBI) on Thursday filed a preliminary charge sheet against four top executives of Rose Valley Group, a company facing probe in the chit fund scam, for allegedly cheating thousands of gullible investors of their hard earned money by promising high returns on their deposits.

Kolkata/Bhubaneswar: The Central Bureau of Investigation on Thursday filed a supplementary chargesheet against three of the accused in the Rose Valley chit fund scam including the company chief and two Trinamool Congress MPs who were arrested earlier. “The CBI has filed a supplementary chargesheet in Bhubaneswar in the ongoing Rose Valley chit fund scam investigation. […]

Bhubaneswar: A local court here on Saturday rejected the bail plea of TMC MP Sudip Bandyopadhyay who was arrested for his alleged link with the Rose Valley Group chit fund scam. The Khordha District and Sessions Judge court rejected the bail plea of Bandyopadhyay. The Central Bureau of Investigation (CBI) had arrested the four-time Lok […]

Bhubaneswar: Enforcement Directorate today filed a charge sheet in the multi-crore Rose Valley chit fund scam wherein thousands of people were cheated in West Bengal and Odisha. The agency said it has filed a prosecution complaint (equivalent of charge sheet) pertaining to cases in Odisha under the provisions of the Prevention of Money Laundering Act […]