CBI arrests wife of Rose Valley group chief

KOLKATA: The Central Bureau of Investigation on Friday arrested Subhra Kundu, wife of the jailed owner of Rose Valley Group chairman Gautam Kundu, from Kolkata in connection with the probe into the multi-crore chit fund scam, officials in the agency told PTI. Sleuths of the economic offences wing of the CBI apprehended Subhra Kundu and will take her to Bhubaneswar after obtaining transit remand from a court in Kolkata, they said. The case was registered in the Odisha capital. She was wanted by the CBI and the Enforcement Directorate (ED) in connection with the case. The Rose Valley group allegedly cheated thousands of depositors, promising abnormally high returns on investments in its illegal schemes. According to CBI officials, the amount of money garnered by the group through such schemes could be more than ₹12,000 crore.