Rose Valley case: Finally, CBI files supplementary charge-sheet; names Tapas Paul, Sudip Bandyopadhyay

The Central Bureau of Investigation on Thursday filed a supplementary charge-sheet against three of the accused in the Rose Valley chit fund scam including the company chief and two Trinamool Congress MPs who were arrested earlier.

"The CBI has filed a supplementary charge-sheet in Bhubaneswar in the ongoing Rose Valley chit fund scam investigation. The names of Rose Valley Group chairperson Gautam Kundu, and Trinamool Congress MPs Tapas Paul and Sudip Bandyopadhyay are mentioned in the charge-sheet," a senior CBI officer said.

"The three accused are slapped with charges under various sections of the IPC and the prevention and corruption act," he said. They have been labeled under various sections of the Indian Penal Code (IPC) with charges of criminal conspiracy (120B), cheating (420 IPC), criminal breach of trust by a public servant, or by a banker, merchant or agent (409 IPC), Sections 4 and 6 of

Prize Chits and Money Circulation Schemes (Banning) Act, 1978 and Prevention of Corruption Act. The Central investigation agency mentioned in the charge-sheet that the total collection by the Rose Valley group was of around Rs 17,000 crore. They have mentioned in the charge-sheet that investigation revealed involvement of certain influential persons with the group chief and "allegedly using their official position in aiding the illegal fund collection business of the company.

At the same time allegedly promoting the illegal business of the company by writing letters to the regulators". CBI had filed the preliminary charge-sheet in connection with the Rose Valley group scam on January 7, 2016, against Kundu, managing director Shibamay Dutta, director Ashok Kumar Saha and one official Ramlal Goswami and three companies of the group. They were also charge-sheeted under similar sections of all the mentioned acts. Kundu, Rose Valley group chairman, was arrested by the ED in March 2015 under the criminal charges and provisions of the Prevention of Money Laundering Act. He was handed over to the CBI later.