CBI arrests Rose Valley Group chief Gautam Kundu's wife
By ANI | Published: January 15, 2021 05:42 PM2021-01-15T17:42:58+5:302021-01-15T17:50:08+5:30
The Central Bureau of Investigation (CBI) arrested Subhra Kundu, wife of Rose Valley Group promoter Gautam Kundu on Friday in connection with the multicrore ponzi scam. She will be taken to Bhubaneswar tomorrow, according to CBI sources.
CBI arrests Rose Valley Group chief Gautam Kundu's wife
The Central Bureau of Investigation (CBI) arrested Subhra Kundu, wife of Rose Valley Group promoter Gautam Kundu on Friday in connection with the multicrore ponzi scam. She will be taken to Bhubaneswar tomorrow, according to CBI sources.
The Rose Valley Group, masterminded by their Chairman Gautam Kundu, allegedly collected deposits from common people over Rs 1,7500 crores illegally under the false promise of exorbitant return on maturity without complying with the guidelines of Reserve Bank of India (RBI) and Security Exchange Board of India (SEBI).
The chit fund scam has been probed by CBI as well as the Enforcement Directorate (ED) under Prevention of Money Laundering Act, 2002 (PMLA).
Gautam Kundu was arrested by ED in 2015 and is still in judicial custody.
( With inputs from ANI )
Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor
Open in app