Kolkata, Jan 15: The Central Bureau of Investigation Friday ar-rested 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,
sources in the agency said. Sleuths of 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. The amount of money garnered by the group through such schemes could be more than r12,000 crore. Rose Valley had also made sub-stantial investments in hotels and re-sorts across the country,
they said. Subhra Kundu was running a jew-ellery chain, Adrija, which has been sealed since the investigation started. The ED, which is looking into the money laundering aspect of the—scam, issued a look-out notice against her in November 2019.