Rose Valley Group
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Probe Agency Attaches Assets Worth Rs 159 Crore In Rose Valley Case
Assets worth around Rs 150 crore have been attached under the anti-money laundering law as part of an ongoing investigation against the Rose Valley Group, the Enforcement Directorate said on Wednesday.
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Rose Valley Group Chairman, Main Accused In Ponzi Case, Gets 7-Day Bail
The Calcutta High Court today granted interim bail for seven days to Gautam Kundu, the main accused in the Rose Valley ponzi fund scam, as he sought to meet his ailing mother and minor child.
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Probe Agency Issues Lookout Notice Against Rose Valley Chairman's Wife
The Enforcement Directorate (ED) on Friday issued a lookout notice against Subhra Kundu, wife of Rose Valley group chairman Gautam Kundu, in connection with the probe into the multi-crore chit fund scam.
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Enforcement Directorate Quizzes KKR Chief In Rose Valley Chit Fund Scam
The Enforcement Directorate on Friday questioned the CEO of Kolkata Knight Riders (KKR), owned by Red Chillies Entertainment and promoted by Bollywood superstar Shah Rukh Khan, in its probe into the money laundering case involving the Rose Valley Group, which sponsored the IPL team for two years.
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Bengal Superstar Prosenjit Chatterjee Questioned In Chit Fund Scam
Popular Bengali actor Prosenjit Chatterjee is being questioned by the Enforcement Department in Kolkata for his association with the Rose Valley Group whose chairman is now in jail. This is the first time that the actor has been questioned since the chit fund scam broke out in 2013.
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Saradha And Rose Valley Scams: A Look At The Investigations Into Them
Founded in 2006, the Saradha Group chief, Sudipta Sen's chit fund, through various collective investment schemes, mopped up Rs 3,500 crore from 17 lakh investors in investors in West Bengal, Assam, Jharkhand, Tripura and Odisha before it collapsed in April 2013.
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Enforcement Directorate Attaches Rs 300 Crore Assets Of Rose Valley Group
"The attached properties of Rose Valley group of companies and its Chairman Gautam Kundu worth book value of Rs 113.76 crore and having market value of around Rs 300 crore," an ED statement said.
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Another Ponzi Scam In Bengal, Two Arrested
Two owners of a chit fund company were arrested by CBI in Kolkata on Wednesday, after five hours of interrogation. Basudev Bagchi and his son Avik Bagchi of Prayag Group of Companies were arrested for collecting nearly Rs 2,862 crore from mostly poor people in the state by making fraudulent promises of very high returns, a statement by the agency r...
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Enforcement Directorate Attaches Rs 1,250 Crore Assets Of Rose Valley
Of the eight seized hotels, two are in Kolkata while the others are in Haridwar, Ranchi, Goa, Silchar, Port Blair and West Bengal's Tarapith.
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Rose Valley Scam Four Times Bigger Than Saradha: CBI Probe
Shibamoy Dutta, MD of Rose Valley group arrested by CBI in chit fund scam, has emerged as the alleged brain behind the two schemes which were purportedly used by the group to dupe over one lakh investors of over Rs 10,000 crore, four times the money in Saradha scam.
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CBI Searches 58 Locations in Chit Fund Scam
The CBI today conducted searches at 58 locations across the country against the Basil International Limited asset management company in a chit fund scam.
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CBI Registers 5 More Cases in Saradha Scam
CBI has registered five more cases in connection with the chit fund scam in Assam arising out of alleged financial bunglings by West Bengal-based Saradha group of companies.
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Enforcement Directorate Files Charge Sheet in Rose Valley Ponzi Scam
Arrested Rose Valley group chairman Gautam Kundu was among the six people named in the charge sheet filed by the Enforcement Directorate in the Rose Valley ponzi scam on Thursday.
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Rose Valley Group Chairman Gautam Kundu Arrested by Enforcement Directorate
Rose Valley group of companies chairman Gautam Kundu was today arrested by Enforcement Directorate (ED) in connection with its probe in the ponzi scam allegedly perpetrated by these consortium of companies.
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Trinamool MP Tapas Pal Raided By The CBI In A Chit Fund Scam
Trinamool Congress MP Tapas Pal's residence in Kolkata is one of the 43 premises being raided by the Central Bureau of Investigation or CBI in a nation-wide operation today.
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Probe Agency Attaches Assets Worth Rs 159 Crore In Rose Valley Case
Assets worth around Rs 150 crore have been attached under the anti-money laundering law as part of an ongoing investigation against the Rose Valley Group, the Enforcement Directorate said on Wednesday.
-
Rose Valley Group Chairman, Main Accused In Ponzi Case, Gets 7-Day Bail
The Calcutta High Court today granted interim bail for seven days to Gautam Kundu, the main accused in the Rose Valley ponzi fund scam, as he sought to meet his ailing mother and minor child.
-
Probe Agency Issues Lookout Notice Against Rose Valley Chairman's Wife
The Enforcement Directorate (ED) on Friday issued a lookout notice against Subhra Kundu, wife of Rose Valley group chairman Gautam Kundu, in connection with the probe into the multi-crore chit fund scam.
-
Enforcement Directorate Quizzes KKR Chief In Rose Valley Chit Fund Scam
The Enforcement Directorate on Friday questioned the CEO of Kolkata Knight Riders (KKR), owned by Red Chillies Entertainment and promoted by Bollywood superstar Shah Rukh Khan, in its probe into the money laundering case involving the Rose Valley Group, which sponsored the IPL team for two years.
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Bengal Superstar Prosenjit Chatterjee Questioned In Chit Fund Scam
Popular Bengali actor Prosenjit Chatterjee is being questioned by the Enforcement Department in Kolkata for his association with the Rose Valley Group whose chairman is now in jail. This is the first time that the actor has been questioned since the chit fund scam broke out in 2013.
-
Saradha And Rose Valley Scams: A Look At The Investigations Into Them
Founded in 2006, the Saradha Group chief, Sudipta Sen's chit fund, through various collective investment schemes, mopped up Rs 3,500 crore from 17 lakh investors in investors in West Bengal, Assam, Jharkhand, Tripura and Odisha before it collapsed in April 2013.
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Enforcement Directorate Attaches Rs 300 Crore Assets Of Rose Valley Group
"The attached properties of Rose Valley group of companies and its Chairman Gautam Kundu worth book value of Rs 113.76 crore and having market value of around Rs 300 crore," an ED statement said.
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Another Ponzi Scam In Bengal, Two Arrested
Two owners of a chit fund company were arrested by CBI in Kolkata on Wednesday, after five hours of interrogation. Basudev Bagchi and his son Avik Bagchi of Prayag Group of Companies were arrested for collecting nearly Rs 2,862 crore from mostly poor people in the state by making fraudulent promises of very high returns, a statement by the agency r...
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Enforcement Directorate Attaches Rs 1,250 Crore Assets Of Rose Valley
Of the eight seized hotels, two are in Kolkata while the others are in Haridwar, Ranchi, Goa, Silchar, Port Blair and West Bengal's Tarapith.
-
Rose Valley Scam Four Times Bigger Than Saradha: CBI Probe
Shibamoy Dutta, MD of Rose Valley group arrested by CBI in chit fund scam, has emerged as the alleged brain behind the two schemes which were purportedly used by the group to dupe over one lakh investors of over Rs 10,000 crore, four times the money in Saradha scam.
-
CBI Searches 58 Locations in Chit Fund Scam
The CBI today conducted searches at 58 locations across the country against the Basil International Limited asset management company in a chit fund scam.
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CBI Registers 5 More Cases in Saradha Scam
CBI has registered five more cases in connection with the chit fund scam in Assam arising out of alleged financial bunglings by West Bengal-based Saradha group of companies.
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Enforcement Directorate Files Charge Sheet in Rose Valley Ponzi Scam
Arrested Rose Valley group chairman Gautam Kundu was among the six people named in the charge sheet filed by the Enforcement Directorate in the Rose Valley ponzi scam on Thursday.
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Rose Valley Group Chairman Gautam Kundu Arrested by Enforcement Directorate
Rose Valley group of companies chairman Gautam Kundu was today arrested by Enforcement Directorate (ED) in connection with its probe in the ponzi scam allegedly perpetrated by these consortium of companies.
-
Trinamool MP Tapas Pal Raided By The CBI In A Chit Fund Scam
Trinamool Congress MP Tapas Pal's residence in Kolkata is one of the 43 premises being raided by the Central Bureau of Investigation or CBI in a nation-wide operation today.
