State

Rose Valley Scam: CBI Raids Offices In Balasore And Kolkatta

Bhubaneswar, October 1: The Central Bureau of Investigation (CBI), probing the multi-crore chit fund scam, today raided Rose Valley Group's offices at Balasore and Kolkatta.

Atleast 5 offices established in both the have been raided today.

Previously, the Managing Director and the Director of the Organisation were taken into remand by the CBI after which interrogation was done followed which the offices of the Rose Valley were raided today.

Kolkata-based Rose Valley Group first opened its office in Balasore and was collecting deposits on the promise of hefty returns under different schemes. Later, the chit-fund firm opened branches across the State and duped gullible investors of crores of rupees.

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