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Subhra Kundu, wife of Rose Valley Group chairman brought to Bhubaneswar

in State News January 17, 2021 Comments Off on Subhra Kundu, wife of Rose Valley Group chairman brought to Bhubaneswar 412 Views

Bhubaneswar: 17/1/21:Subhra Kundu, wife of Rose Valley Group chairman Gautam Kundu, was today brought to Odisha capital by the CBI after being arrested on January 15.

The central agency has brought Subhra to Bhubaneswar on transit remand and will produce her before the Special CBI Court here.

She was arrested from Kolkata in connection with the multi-crore chit fund scam. After obtaining transit remand from a court in Kolkata, the CBI brought her to Bhubaneswar as the case has been registered in Odisha’s capital.

 Her husband, Gautam Kundu, was arrested by the  Enforcement Directorate (ED) in March 2015 and has been lodged in jail since then. So far, the ED has attached more than Rs 2,300 crore properties of Rose Valley Group.

Having cast its net across the states of West Bengal, Tripura, Assam, Odisha, Jharkhand, and Maharashtra among others, Rose Valley Group is alleged to have illegally raised several thousand crores of rupees from the public.

In a charge sheet submitted in the Special CJM court in Bhubaneswar, the CBI had charged the Ponzi firm of defrauding depositors of Rs 17,000 crore, out of which Rs 450 crore is from Odisha. The company was active in Odisha with 28 branches.

About Editor in chief

Ashok Palit has completed his graduation from Upendranath College Soro, Balasore and post graduation from Utkal University in Odia Language and literture.. He has also carved out a niche for himself as a scribe of eminence after joining the profession in 1988. He is also an independent media production professional. He brings loads of experience to Advanced Media, Ashok Palit as a cineaste has been active in film criticism for over three decades. As a film society activist, he soared to eminence for his profound commitment to the art film appreciation and aesthetics of cinema. His mode of discourse is often erudite but always lucid and comprehensible marked by a perfect acumen so rare in the field. A film aesthete with an immense fond of critical sensibilities, he wrote about growth and development of odia cinema in New Indian Express, The Times of India, The Hindustan Times, The Asian Age and Screen. He has been working as an Editor for Cine Samaya from 2002-2004.. He had made solid contribution on cinema in many odia Dailies and weekly such as Samaj, Prajatantra, Dharatri, Samaya, Satabadi, and weekly Samaya.
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