CBI nabs two Rose Valley directors

Kolkata (IANS) The CBI on Friday arrested two directors of the West Bengal-based Rose Valley Group for alleged complicity in the chit fund scam, an official said.

The group’s chairman Gautam Kundu is already behind bars arrested by the Enforcement Directorate (ED) under the Prevention of Money Laundering Act for mobilising public money without proper sanction of the Securities and Exchange Board of India.

“The directors – Shibamoy Dutta and Ashok Kumar Saha – were arrested from the city. They allegedly had long association with the group and were active in conspiring with Gautam Kundu, in cheating and misappropriation of funds,” said a Central Bureau of Investigation officer.

“Dutta from Kolkata, was allegedly instrumental in operations in West Bengal and Saha, a resident of Agartala, was the main person in Tripura. The arrested duo will be presented before a court on Saturday,” added the officer.

The Rose Valley Group is alleged to have collected more than Rs.10,000 crores through illegal collective investment schemes.

Leave a Reply

Please enter your comment!

The opinions, views, and thoughts expressed by the readers and those providing comments are theirs alone and do not reflect the opinions of www.mangalorean.com or any employee thereof. www.mangalorean.com is not responsible for the accuracy of any of the information supplied by the readers. Responsibility for the content of comments belongs to the commenter alone.  

We request the readers to refrain from posting defamatory, inflammatory comments and not indulge in personal attacks. However, it is obligatory on the part of www.mangalorean.com to provide the IP address and other details of senders of such comments to the concerned authorities upon their request.

Hence we request all our readers to help us to delete comments that do not follow these guidelines by informing us at  info@mangalorean.com. Lets work together to keep the comments clean and worthful, thereby make a difference in the community.

Please enter your name here