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CBI arrests Trinamool Congress MP Sudip Bandyopadhyay in connection with Rose Valley scam

Kolkata: Lok Sabha MP and leader of Trinamool Congress parliamentary party Sudip Bandyopadhyay on Tuesday was arrested by CBI in connection with the Rose Valley chit fund scam.

CBI today arrested TMC MP Sudip Bandyopadhyay in connection with the Rose Valley chit fund scam.
CBI today arrested TMC MP Sudip Bandyopadhyay in connection with the Rose Valley chit fund scam.

Bandyopadhyay was arrested after being quizzed by the CBI at its office in Kolkata.

Bandyopadhyay, who was summoned twice in December last year by the CBI, skipped the meeting stating his engagement at the parliamentary session.

Another Trinamool MP Tapas Pal is already in police custody in connection with the same scam.

Bandyopadhyay alleged political vendetta against him and the Trinamool Congress party by the NDA-ruled Central government.

Rose Valley scam, which was also being investigated by the enforcement directorate, is seven times bigger than the similar, Rs 2,460-crore Saradha scam.

The West Bengal-based group allegedly robbed millions of investors, most of them from the low-income group, in at least 10 states by promising exaggerated returns. The little-known group’s firms operated unlicenced financial schemes that escaped regulators’ scrutiny.

The group was into real estate, films, media, jewellery, hotels and resorts.

Rose Valley owner Gautam Kundu and several officials are behind bars for the past one year.

TST

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