Rose Valley

Rose Valley News

Rose Valley scam case: ED questions TMC MP Sudip Bandyopadhyay

The ED had recently attached assets worth Rs 130 crore in connection with the Rose Valley scam case. Assets worth around Rs 4,400 crore were also seized.

Investors of Rose Valley vandalise company hotel, two detained

The Rose Valley chit fund scam is over Rs 17,000 crore and the ED had recently attached Rs 300 crore worth of assets of the Rose Valley group for alleged money laundering. Group owner Gautam Kundu is now in a jail in Kolkata.

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Rose Valley Scam: Kundu remanded in ED custody

Kundu was arrested by ED on Wednesday under Prevention of Money Laundering Act (PMLA).

ED likely to summon Rose Valley chairman

The ED has already sent summons to several people connected with the company.

Sebi attaches accounts of CIS firm to recover dues

Sebi has asked eight banks,including both public and private sector entities,to attach at least 51 accounts held by MPS Greenery.

SFIO submits interim report on Saradha scam

The Serious Fraud Investigation Office (SFIO) has submitted to government an interim report on alleged fraudulent money pooling schemes being run by 54 entities,including Kolkata-based Saradha group

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Account books of Rose Valley entities paint no rosy picture about firm

Fine print: Balance sheet and profit and loss account have revealed several suspicious transactions pointing to leakage of funds

This Week: West Bengal

While Saradha Group has gone bust in West Bengal's chit fund scandal,two other similar groups,Rose Valley Group and MPS Greeneries Developers,have challenged Sebi,the market watchdog,for putting them on its black list.

Sebi cautions investors against two ponzi firms

Continuing the heat on ponzi firms in the wake of the Saradha scam,Securities and Exchange Board of India (Sebi) Sunday issued caution advertisements against two West Bengal-based companies that have been raising funds under the collective investment schemes.

SFIO smells a rat in Rose Valley’s books

SFIO is probing Rose Valley and is looking into a web of intra-group transactions including loans to Gautam Kundu.

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