The Rose Valley financial scandal or simply Rose Valley Chit Fund Scam was a major financial scam and alleged political scandal in India caused by the collapse of a Ponzi scheme run by Rose Valley Group.[1][2] On January 25, 2019, CBI arrested Bengali film producer Srikant Mohta for duping Rose Valley Group by Rs 25 crore. Mohta's company Shree Venkatesh Films has produced many award-winning films like Chokher Bali, Memories In March, Autograph, Raincoat and Iti Mrinalini.[3]

References

  1. ^ "Sudip Bandyopadhyay arrested: All you need to know about Rose Valley chit fund scam - Firstpost". firstpost.com. 4 January 2017. Retrieved 2017-01-05.
  2. ^ "Rose Valley chit fund scam: TMC leaders' nexus with the investment firm : India, News - India Today". indiatoday.intoday.in. Retrieved 2017-01-05.
  3. ^ "Rose Valley scam: All you need to know about the chit fund case". www.businesstoday.in. 4 February 2019. Retrieved 2020-11-11.

External links

Corruption in India
Scams and confidence tricks
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