Business Standard

Amid Mamata vs CBI, an explainer on Saradha chit fund, Rose Valley scams

The Supreme Court on Tuesday asked Rajeev Kumar to appear before the CBI and faithfully co-operate in the probe into the Saradha chit fund scam and Rose Valley ponzi scheme

Mamata vs CBI
Premium

BS Web TeamAgencies New Delhi
The ongoing stand-off between the Central Bureau of Investigation (CBI) and West Bengal Chief Minister Mamata Banerjee has its roots in two alleged ponzi scams associated with the Saradha Group and the Rose Valley Group.

The controversy sparked after CBI attempted to question Kolkata police commissioner Rajeev Kumar in connection with the scams.


The Supreme Court on Tuesday asked Rajeev Kumar to appear before the CBI and faithfully co-operate in the probe into the Saradha chit fund scam and Rose Valley ponzi

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in