CBI Court permits Rose Valley Group chairman Gautam Kundu’s spouse five-day remand
1 min read By Express News Service
BHUBANESWAR: The CBI Court on Sunday allowed the Central Bureau of Investigation (CBI) to take Subhra Kundu, spouse of Rose Valley Group chairman Gautam Kundu, on five-day remand.
Subhra was produced within the courtroom right here in reference to the agency’s multi-crore chit fund rip-off.“Subhra was brought to Bhubaneswar from Kolkata on a transit remand in connection with a case registered against Rose Valley Group and its officials by the CBI. She was then produced before CBI-I court here,” mentioned an official.
The central company sleuths requested the courtroom to permit them to take Subhra on seven-day remand. However, the courtroom granted the accused’s five-day remand for questioning in reference to the case. CBI had arrested Subhra from Kolkata on Friday.
The Group had allegedly cheated hundreds of depositors by promising abnormally excessive returns on investments in its unlawful schemes. The cash collected by the Group via such schemes may very well be greater than `12,000 crore. Gautam was arrested by the Enforcement Directorate in March 2015.
