Rose Valley Group faces charges in a multi-state chit fund scam; $50M in assets seized for victim return.

A special court in Bhubaneswar has framed charges against promoters of the Rose Valley Group in a multi-state chit fund scam. The Enforcement Directorate has attached assets worth over Rs 400 crore (around $50 million), which could soon be returned to victims. The case is also under investigation in Kolkata, Guwahati, and Agartala, with more assets being secured for restitution.

2 months ago
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