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HC rejects Rose Valley chairman's bail prayer

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Press Trust of India Kolkata
The Calcutta High Court today rejected the bail prayer of Rose Valley Group chairman Gautam Kundu.

Justice R K Bag rejected the bail plea of Kundu who was arrested by Enforcement Directorate in connection with a case of money laundering.

His bail prayer was earlier rejected by a city court.

Kundu was arrested on March 25 by ED in connection with its probe in the ponzi scam allegedly perpetrated by the consortium of Rose Valley Group of companies.

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First Published: Jul 21 2015 | 8:02 PM IST

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