Angry investors of Rose Valley vandalise company hotel

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KOLKATA (INDIA): Aggrieved investors in the Rose Valley cheat fund scam vandalised a hotel belonging to the company in the city this afternoon and two persons have been detained in connection with it.

About a hundred investors had assembled in front of the Rose Valley-owned hotel in downtown Minto Park area after they were allegedly invited by the hotel authorities for a talk on settlement of payments, a senior officer of Kolkata Police said today.

The situation turned hostile when the hotel authorities denied to meet the people, who in anger vandalised the hotel’s cafeteria and reception room and broke glass panes and its furniture.

“The agitators also raised slogans against CBI and the Enforcement Directorate (ED) alleging delay in their probe into the Rose Valley scam,” he said adding two persons were later detained in connection with the incident.

The Rose Valley chit fund scam is over Rs 17,000 crore and the ED had recently attached Rs 300 crore worth of assets of the Rose Valley group for alleged money laundering.

The CBI had arrested Trinamool Congress MPs Sudip Bandyopadhyay and Tapas Pal for their alleged involvement in the scam.

Though Bandyopadhyay out on bail, Paul is still in jail in Bhubaneswar.

The group owner Gautam Kundu is now in a city jail.

Source: Press Trust of India

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