City

CBI Brings Wife Of Rose Valley Group Chief To Bhubaneswar

By
OB Bureau

Bhubaneswar: Two days after her arrest from an apartment in South Kolkata, the CBI sleuths on Sunday brought Subhra Kundu, wife of Rose Valley Group chairman Gautam Kundu, to Bhubaneswar for interrogation in connection with the multi-crore chit fund scam.

After obtaining the transit remand from a court in Kolkata, the CBI officials brought Subhra here.

Prior to her arrest, Subhra was running a jewellery chain, Adrija, which has been sealed since the Central investigating agency began investigation into the chit fund scam.

It may be mentioned that the Enforcement Directorate probing into the money laundering aspect of the scam had issued a look-out notice against her in November 2019 after the arrest of her husband on March 26, 2015. The ED has attached more than properties worth Rs 2,300 crore of the Rose Valley so far.

According to the CBI, the Rose Valley Group duped thousands of depositors, promising abnormally high returns on investments in its illegal schemes and collected about Rs 15,450 crore.

OB Bureau

Recent Posts

Collateral Damage: ‘Heritage Tree’ May Bear Brunt Of Rly Station Expansion, Claims Intach Bhubaneswar

Bhubaneswar:  A 200 years old Banyan tree outside Lingaraj Road railway station in Odisha capital…

November 18, 2024

[Watch] Sanskrit Chants Greet PM Modi In Brazil

New Delhi: Whenever Prime Minister Narendra Modi embarks on overseas visits, the Indian community never fails…

November 18, 2024

BSE Extends Form Fill-Up Deadline For Matric Examinations-2025 In Odisha

Bhubaneswar: The Board of Secondary Education (BSE), Odisha has extended the deadline for filling up…

November 18, 2024

Odia Singer Aseema Panda Stuck In Traffic Jam In Angul For 3 Hrs, Accuses Police Of Inaction

Bhubaneswar: Ollywood singer Asima Panda, who was stopped performing midway by the police at a…

November 18, 2024

Day 2 In Singapore: Odisha CM Tours Surbana Jurong Petrochemicals Complex With Eye On PCPIR In Paradip

Singapore/Bhubaneswar: Chief Minister Mohan Charan Majhi, who is on a four-day visit to Singapore, on…

November 18, 2024

Odisha Mango Kernel Toll Mounts To 3 As Another Woman Dies At Cuttack Hospital

Cuttack: The toll in mango kernel incident in Odisha’s Kandhamal rose to three as another…

November 18, 2024

Manipur Violence: Congress Demands Amit Shah’s Resignation; HM Holds High-Level Security Meet

New Delhi: On a day when Congress demanded the resignations of Amit Shah and Manipur Chief…

November 18, 2024

‘Kalki Avatar’ Row In Odisha: GA, BDA Officials Inspect Bhubaneswar Ashram

Bhubaneswar: In the wake of a controversy triggered by reports about a boy being projected…

November 18, 2024