CBI BRINGS SUBHRA KUNDU FOR QUESTIONING

The Central Bureau of Investigation (CBI) officials on Sunday brought Subhra Kundu, the wife of Rose Valley Group chairman Gautam Kundu, to Bhubaneswar for questioning.

As per sources, the CBI is keen to conduct further probe in connection with the Rose Valley chit fund scam in Odisha. The group has allegedly cheated thousands of depositors, promising high returns on investments in its illegal schemes.

According to CBI sources, the amount of money garnered by Rose Valley through such schemes could be more than `12,000 crore.

The CBI is expected to conduct an intensive investigation to ascertain the involvement of other persons in the scam in Odisha. Subhra Kundu’s husband Gautam Kundu is also in jail since March 2015.

As per reports, Subhra was also running a jewellery chain — Adrija — which has been sealed since the investigation started. Subhra Kundu was reportedly arrested from her apartment in south Kolkata. She was earlier brought to the CBI office at the CGO complex at Salt Lake for questioning.

Subhra had also faced interrogation several times by the CBI and ED since 2015 when her husband was arrested.

The Rose Valley group has allegedly made substantial investments in hotels and resorts across the country including Odisha and Bengal by duping scores of people.

At least 174 chit fund firms, including Rose Valley Group, AT Group, Seashore and Micro Finance Group have looted 20 lakh people, especially small depositors, by promising high returns on their investments.ged links with the ponzi firms.