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Tag: Rose Valley

Chit Fund Case: CBI Brings Subhra Kundu, Wife Of Rose Valley Group Chief To Bhubaneswar

Bhubaneswar: A day after her arrest in Kolkata, the Central Bureau of Investigation (CBI) officials on Sunday brought Subhra Kundu, the wife of Rose Valley Group chairman Gautam Kundu, to Bhubaneswar for questioning. As per sources, the CBI wants to conduct further probe in connection with the Rose Valley chit fund scam in Odisha. The […]

Rose Valley Returned Rs 10, 500 Crore To Investors, Says ED
Rose Valley Returned Rs 10, 500 Crore To Investors, Says ED

Kolkata: Rose Valley, which is under the concurrent probe of the CBI and ED for allegedly defrauding investors, has already returned around Rs 10,500 crore out of Rs 17,520 crore raised from them, an official said on Monday. He said the ED had also attached properties worth Rs 4,500 crore and filed two prosecution complaints […]

rose valley chit fund scam
Rose Valley Scam: Court directs Odisha Govt to refund money of depositors

Cuttack: In what could bring a ray of hope in the lives of lakhs of depositors in the Rose Valley chit fund firm, the Special Chit Fund Court here has directed the Odisha government to refund the deposits of the small investors. As per reports, there are as many as 2,38,477 investors for whom the […]

CBI to quiz 2 ex-Left Ministers in chit fund scam case

Agartala: The Central Bureau of Investigation (CBI) will interrogate two former Left Front ministers in Tripura in connection with a case of the Kolkata-based Rose Valley chit fund scam, an official said here on Tuesday. “The CBI has informed the Tripura Assembly Speaker about their intention to interrogate former Left Front ministers Badal Chowdhury and […]

Rose Valley Chit Fund Scam: ED searches yield Rs 40 cr-worth precious stones, gold

Kolkata: The Enforcement Directorate (ED) on Thursday claimed it has found incriminating documents, gold ornaments and precious stones worth Rs 40 crore during searches at showrooms of Adrija Gold Corporation in connection with the Rose Valley chit fund case. “ED recovers and seizes incriminating documents, 72 kg of 22 carat and 18 kg of 18 […]

rose valley chit fund scam
Rose Valley: ED attaches assets worth Rs 293 crore

Kolkata: The ED today attached assets worth Rs 293 crore in connection with the Rose Valley chit fund scam case in which thousands of people were allegedly cheated in West Bengal and Odisha, officials said. The central probe agency’s regional office here issued a provisional attachment order under sections of the Prevention of Money Laundering […]

Rose Valley scam: EOW takes group chief on 4-day remand

Balasore: The Balasore chit fund court today allowed the Economic Offences Wing (EOW) of the Crime Branch, Odisha to take Rose Valley Group chief Gautam Kundu on a four-day remand. Though the EOW had appealed for a five-day remand of Kundu, the court granted four days. The investigating agency had produced Kundu before the court earlier […]

Ponzi scam: HC rejects Bail pleas of Tapas Paul, Pravat Das

Bhubaneswar: The Odisha High Court today rejected bail applications of Trinamool Congress (TMC) MP Tapas Paul and Seashore group co-director Pravat Das, in connection with the Rose Valley and Seashore chit fund scams, respectively. Paul had moved the High Court seeking bail on health grounds. Earlier on January 7, the Special CJM CBI court in […]

SUDIP_rose valley scam
Rose valley scam: TMC MP Sudip's bail plea rejected, sent to judicial custody

Bhubaneswar: The special CJM court (CBI) today rejected the bail application of Rose Valley chit fund scam accused and Trinamool Congress MP Sudip Bandopadhyay and remanded him to the judicial custody till January 25. The CBI had taken Bandopadhyaya on a four-day remand for interrogation in connection with the multi crore ponzi scam. Sources said […]

TMC Protest
TMC MPs continue sit-in protest against Modi govt

Bhubaneswar: Announcing its plan to continue with agitations till the ouster of Narendra Modi from the helm, the Trinamool Congress today said it foresaw Mamata Banerjee as a future prime minister. “This could happen one day. After all, we are a political party which is growing by the day. People may decide that (making Mamata […]

TMC to stage demo against arrest of party MPs today

Bhubaneswar: The Trinamool Congress (TMC) will stage a demonstration here today to protest demonetisation and arrest of party MPs Sudip Bandyopadhyay and Babul Supriyo in the Rose Valley chit fund scam. The party workers would stage demonstration followed by a protest meeting at Lower PMG here from 11 AM to 3 PM. TMC general secretary […]

Nayna Bandopadhya
My husband is in "Modi's custody": TMC MLA Sudip's wife

Bhubaneswar: Alleging political vendetta behind the arrest of TMC leaders, Trinamool Congress MP Sudip Bandopadhya’s wife Nayna today said her husband was in the “custody of Modi” and not in the “CBI’s custody.” Nayna, who has been camping here ever since her husband had been brought to the CBI custody for his alleged link to […]

Sudip remand TMC protest
Chit fund scam: TMC targets Centre as CBI takes Sudip on further remand

Bhubaneswar: Arrested All India Trinamool Congress (TMC) MP Sudip Bandyopadhyay was taken on a 4-day remand by the CBI for the second time in connection with the Rose Valley Chit Fund scam while the party continued its attack on the Centre accusing it of political vendetta. The Central investigating agency produced Sudip in the CBI […]

TMC to take out protest rally in Bhubaneswar

Kolkata: With two of its MPs, Tapas Pal and Sudip Bandopadhyay, arrested by the CBI here in connection with the Rose Valley chit fund scam, shifted to Bhubaneswar, the Trinamool Congress has decided to hold a protest rally in the Odisha capital tomorrow. “We cannot be cowed down by threats and vendetta politics. The Centre […]

Opposition-BJD spar over TMC, Rose Valley chit fund links

Bhubaneswar: Opposition BJP and Congress continued their attack on the ruling-BJD in Odisha over links with Rose Valley chit fund scam and Trinamool Congress (TMC). Alleging that BJD and TMC have struck an undeclared alliance, Odisha BJP vice president Sameer Mohanty today told media persons that the ruling-party in Odisha has agreed to provide its […]

SUDIP_rose valley scam
Senior TMC leaders to fly to Odisha to meet Sudip on Sunday

Kolkata: To show solidarity with party MP Sudip Bandyopadhyay, arrested by the CBI in connection with the Rose Valley chit fund scam, top TMC leaders like Partha Chatterjee and state President Subrata Bakshi will travel to Bhubaneswar this Sunday to meet the incarcerated leader. Bandyopadhyay was taken to Bhubaneswar soon after he was arrested by […]

Rose Valley chit fund scam: TMC MP’s daughter appears before CBI

Bhubaneswar: Arrested Trinamool Congress MP Tapas Pal’s daughter Sohini Pal appeared before the CBI in Bhubaneswar today in connection with the Rose Valley chit fund scam. As per the CBI notice, Sohini arrived in Bhubaneswar today to appear before the agency. Tapas allegedly gave senior posts to his wife, daughter and nephew in Rose Valley […]

Tapas Pal
Arrested Tapas hints at Babul Supriyo links to Rose Valley scam

Bhubaneswar: Arrested Trinamool Congress (TMC) MP Tapas Paul today created ripples in the country’s political circle by alleging Union Minister Babul Supriyo is involved in the Rose Valley chit fund scam and has tricked him into the case. Replying to queries fielded by newsmen, Paul, while being taken on a three-day CBI remand starting today, […]

Rose Valley chit fund scam: ED attaches assets worth Rs 1,250 cr; 8 hotels

Kolkata: The ED today attached assets to the tune of Rs 1,250 crore, including eight hotels and a Rolls Royce luxury car, in connection with its money laundering probe in the Rose Valley chit fund scam case where thousands of people were allegedly cheated in West Bengal and Odisha. Officials said the agency issued a […]

rose vally
Rose Valley assets auction begins

Bhubaneswar: Armed with a directive from the designated court in Cuttack, the state government on Wednesday began the auctioning of part of the properties of chit fund firm Rose Valley. According to reports, the government is e-auctioning the seized properties of the of the Ponzi firm located at Bhubaneswar tehsil under Khurda district and Nialgiri […]

gautam kundu
Rose Valley chief sent to another 4-day CBI remand

Chief of tainted chit-fund firm Rose Valley Group Gautam Kundu was sent to another four-day remand with the CBI by the Special Court here.

CBI takes Rose Valley Group chief on 9-day remand

The Special CBI court here on Monday allowed the CBI to take Rose Valley Group chairman Gautam Kundu on a nine-day remand for interrogation

CBI raids Rose Valley office in Bhubaneswar

The Central Bureau of Investigation (CBI) today raided 43 places across the country, including in Odisha, which were directly or indirectly linked to chit fund firm Rose Valley

CBI raids Trinamool MP Tapas Paul's home, 42 Rose Valley locations

The CBI today raided the Kolkata residence of Trinamool Congress actor-MP Tapas Paul and 42 other locations of the Rose Valley Group across India in connection with a multi-crore-rupee chit fund scam

EOW wants to confiscate properties of Rose Valley

The Economic Offences Wing (EOW) under the Crime Branch of Odisha Police on Monday sought permission from the Finance department to confiscate properties of Bangalore-based ponzi firm Rose Valley, said ADG B K Sharma