Kolkata Police started an EPF funds case of chit fund scam of Rose Valley Group

The Enforcement Branch (EB) of Kolkata Police has initiated a new case against Gautam Kundu, the chief of Rose Valley Group, in connection with the defalcation of Employees’ Provident Fund (EPF) funds. The case alleges that Kundu and his associates were involved in siphoning off EPF funds in relation to the Rose Valley chit-fund scam.

The investigation by the Kolkata Police aims to uncover the extent of the defalcation and gather evidence against the accused. The Rose Valley Group, a multi-crore chit fund entity, has been under scrutiny for its fraudulent activities, and this fresh case adds to the ongoing legal proceedings against Kundu and others involved in the scam.

The Kolkata Police’s action reflects their commitment to addressing financial irregularities and bringing those responsible to justice.