Rose Valley chit fund scam: CBI arrests TMC MP Tapas Paul

The CBI on Friday arrested Trinamool Congress (TMC) MP Tapas Paul in connection with the alleged Rose Valley chit fund scam.

Rose Valley chit fund scam: CBI arrests TMC MP Tapas Paul

The CBI on Friday arrested Trinamool Congress (TMC) MP Tapas Paul in connection with the alleged Rose Valley chit fund scam.

The MP earlier this week was summoned by the CBI in connection with the scam. Paul reached the Central Bureau of Investigation office in North 24 Parganas earlier in the day.

Another TMC MP Sudip Bandyopadhyay, too, was asked to present himself before the CBI team on December 30.


The CBI had earlier this year filed a charge sheet against Rose Valley chairman Gautam Kundu and three other accused. The firm has been charged with defrauding depositors from across the country of Rs 17,000 crore, out of which Rs 450 crore was received by the ponzi firm from Odisha alone.

Several TMC members are facing charges in a number of alleged chit fund cases, including that of Saradha.  Paul’s arrest comes days after the Trinamool Congress accused the Centre of using the probe agencies to put pressure on its leaders, who have been protesting against demonetisation.

CBI has claimed that it was still probing the role of ‘influential people’ in the scam.