ANI
15 Jan 2021, 18:26 GMT+10
Kolkata (West Bengal) [India], January 15 (ANI): 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. (ANI)Get a daily dose of Malaysia Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Malaysia Sun.
More InformationBANGKOK, Thailand: This week, Thailand implemented land border restrictions, including a ban on tourists traveling to Cambodia, as...
Guwahati (Assam) [India], July 1 (ANI): AIUDF MLA Rafiqul Islam on Tuesday launched an attack on the Assam government over their decision...
Chiang Mai [Thailand], July 1 (ANI): Group B of the AFC Women's Asian Cup 2026 Qualifiers has almost turned into a two-horse race after...
VIENTIANE, July 1 (Xinhua) -- As the rainy season begins, people across Laos celebrate the annual Rocket Festival with cheers and rockets...
Chinese brands like Mixue, CHAGEE, Luckin Coffee, and Pop Mart -- known for its blind box collectibles -- are captivating global markets,...
PHNOM PENH, July 1 (Xinhua) -- Several gecko species found during a series of surveys in unexplored limestone hills in western Cambodia's...
LONDON, U.K.: British oil giant Shell has denied reports that it is in talks to acquire rival oil company BP. The Wall Street Journal...
NEW YORK, New York - U.S. stock markets closed firmly in positive territory to start the week Monday, with the S&P 500 and Dow Jones...
WASHINGTON, D.C.: On Friday, President Donald Trump announced that he was halting trade discussions with Canada due to its decision...
LONDON, U.K.: A little-known investment fund based in the United Arab Emirates has emerged as the most prominent public backer of U.S....
SAN FRANCISCO, California: Across the U.S., a growing number of people are taking obesity treatment into their own hands — literally....
SAN FRANCISCO, California: Under pressure from European regulators, Apple has revamped its App Store policies in the EU, introducing...