Actor Subhra Kundu Arrested By CBI In Rose Valley Case: Report

Actor Subhra Kundu, the wife of Rose Valley Group chairperson Gautam Kundu, was arrested on Friday in Kolkata by the Central Bureau of Investigation (CBI). Her arrest is reportedly in connection to the Rose Valley chit fund case, one of the biggest scams to have emerged from West Bengal, that the premier investigation agency has been probing. The group had allegedly been running a Ponzi scheme that came to light in 2013, revealing a multi-crore financial fraud.

Gautam Kundu was arrested in 2015 for his alleged role in money laundering. Several other high-profile names like film producer Srikant Mohta and Trinamool Congress MP Sudip Bandyopadhyay also emerged for their alleged involvement in the chit fund scam. Business Today reports that the Enforcement Directorate (ED) pegs the scam amount somewhere around Rs 17,520 crore.

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Subhra Kundu Arrested For Alleged Financial Fraud

The Rose Valley group is reported to have scammed many financial investors with promises of returns. According to reports, Kundu was being probed by the Economic Offences Wing of CBI and had also been wanted for investigations by the ED. She ran Adrija, a jewellery chain, that had been sealed by authorities since her alleged involvement in the case came to light. News agency ANI says Kundu was arrested from her Kolkata home and will be taken for further proceedings to Odisha tomorrow.

West Bengal: Subhra Kundu, wife of Rose Valley Group Chief Gautam Kundu, arrested by the CBI from Kolkata. She will be taken to Bhubaneshwar, Odisha tomorrow.

— ANI (@ANI) January 15, 2021

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Kundu has in the past been accused of evading ED summons on three occasions. She was being investigated for funds in Adrija linked to Rose Valley, as per Business Standard. "It seems she is suffering from amnesia as she is not able to recollect a lot of things," an ED official was quoted saying.

Reports claim that the Rose Valley scam allegedly transcends the business world into politics and entertainment as well, with politicians, celebrities, and sportspersons being named in the case.

Image Credit: Orissa Post