Rose Valley chit fund scam: Bengali film producer sent to 14-day judicial custody

Bhubaneswar: A day after the Central Bureau of Investigation (CBI) arrested renowned film producer Shrikant Mohta from Kolkata in connection with the multi-crore Rose Valley chit fund scam, Bhubaneswar CJM court today sent him to judicial custody for 14 days. Mohta was arrested after CBI got credible information regarding his links and monetary transactions with Rose Valley chief Gautam Kundu, official sources said.

At present Kundu is lodged in jail in a money-laundering case. According to reports, Mohta had allegedly taken Rs 25 crore from Rose Valley group and the money was subsequently invested in several films.

Mohta is the co-founder of Shree Venkatesh Films (SVF), which has produced over 120 films, including ‘Chokher Bali’ and ‘Memories in March.’ The CBI officials first interrogated Mohta at his office at a lavish south Kolkata complex and later took him to the agency’s office in Salt Lake for further interrogation following which he was arrested.

The CBI has already attached assets worth Rs 2,300 crore belonging to Rose Valley that includes resorts, hotels, and land parcels across West Bengal, sources said.