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Rose Valley Scam: In Bengal Multi-Crore Ponzi Scam, Chairman s Wife Arrested

Rose Valley scam accused Shubhra Kundu was arrested by the CBI. (File) Kolkata: In a key arrest by the Central Bureau of Investigation (CBI) in West Bengal s Rose Valley Ponzi scam estimated to be worth over Rs 15,000 crore, Shubhra Kundu, the wife of the firm s chairman Goutam Kundu was taken into custody in Kolkata on Friday. Rose Valley was one of many Ponzi groups in Bengal exposed in 2013 that continue to provide ammunition to the opposition against the ruling Trinamool Congress especially ahead of elections due this year. The company came under the scanner along with Saradha scam, which too was a Ponzi scandal and triggered allegations of corruption against top leaders of the party.

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