Wife of arrested Rose Valley group chairman arrested in connection with Ponzi scam

It is alleged that Subhra Kundu had high-level contacts in the bureaucratic and political circles and the sleuths believe that she was running the show on behalf of her husband, Gautam Kundu who is in jail.

PMC, PMC health chief, PMC health department staff, PMC news, Indian Express News

Earlier, the PMC health department chief had directed its staff and senior officers not to leave their cabin without his permission.

The Central Bureau of Investigation (CBI) arrested Subhra Kundu, wife of Rose Valley group chairman Gautam Kundu, in Kolkata on Friday in connection with its probe into the multi-crore chit fund scam.

“Yes, Subhra Kundu has been arrested,” confirmed a CBI source. Sources said the sleuths will take her to Bhubaneswar court on Saturday for production. She was apprehended by the CBI’s Economic Offences Wing. According to the central probe agency, she was sent a few notices to which the sleuths received no response. On Friday, the officers got a tip-off that she is in the city and a team from the Economic Offences Wing soon reached her South Kolkata house where she was placed under arrest.

The sleuths said that she was apprehended for her alleged role in the Ponzi scam.

It is alleged that Subhra Kundu had high-level contacts in the bureaucratic and political circles and the sleuths believe that she was running the show on behalf of her husband who is in jail. A source said that she is suspected to have siphoned off crores, raised through the scam, on her husband’s behalf.

The scam is under investigation by the CBI and the Enforcement Directorate. Several prominent leaders of the Trinamool Congress, which is power in West Bengal, have been grilled, arrested and jailed in connection with the case. They include MP Sudip Bandopadhyay and departed former MP Tapas Pal, who were later granted bail.

The scam is reportedly the biggest in Bengal in terms of the money involved. In 2014, the Supreme Court asked the CBI to investigate the scam and the role of influential people in laundering depositor money.

Sweety Kumari

Sweety Kumari is a seasoned journalist reporting from West Bengal for The Indian Express. With over a decade of experience in the media industry and eight years specifically with The Indian Express, she demonstrates considerable Expertise and Authority across a diverse range of critical beats. Experience & Authority Current Role: Journalist, The Indian Express, reporting from West Bengal. Extensive Tenure: Over 10 years of experience in the media industry, with a long association (8 years) with The Indian Express, contributing to a high level of Trustworthiness. Diverse Coverage: Covers crucial beats including Crime, Defence, Health, and Politics, alongside writing on trending topics. Investigative Focus: Possesses a keen eye for investigative and human-interest stories, demonstrating depth and skill in impactful journalism. Beat Versatility: Has honed her craft across diverse beats, including aviation and reporting on various incidents, ensuring well-rounded and comprehensive reportage. Career Start: Began her journalistic journey as an Entertainment and lifestyle journalist with a news portal in Kolkata, providing a foundational understanding of media landscape and audience engagement. Education Advanced Education: Holds a PG in Mass Communication from Jadavpur University, equipping her with advanced media theory and skills. Undergraduate Education: Holds an Honours degree in Journalism from Jaipuria College. Multilingual Skill: Her fluency in English, Hindi, Bengali, and Maithili enhances her reach and capability to connect with diverse sources and communities in the region, adding a layer of accessibility and authenticity to her reporting. Regional Roots: Originally from Bihar, she was brought up and educated in Kolkata (Kendriya Vidyalaya Salt Lake), giving her a deep, personal understanding of the cultural and political nuances of her reporting region. Sweety Kumari's combination of significant experience, specialization in key beats like Crime and Politics, and strong academic background makes her a trusted and authoritative contributor to The Indian Express. ... Read More

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Ponzi scam