Rose Valley financial scandal

The Rose Valley financial scandal or simply Rose Valley Chit Fund Scam was a major financial scam and alleged political scandal in India caused by the collapse of a Ponzi scheme run by Rose Valley Group.^[1]^[2] On January 25, 2019, CBI arrested Bengali film producer Srikant Mohta for duping Rose Valley Group by Rs 25 crore. Mohta's company Shree Venkatesh Films has produced many award-winning films like Chokher Bali, Memories In March, Autograph, Raincoat and Iti Mrinalini.^[3]

References

↑ "Sudip Bandyopadhyay arrested: All you need to know about Rose Valley chit fund scam - Firstpost". firstpost.com. 4 January 2017. Retrieved 2017-01-05.
↑ "Rose Valley chit fund scam: TMC leaders' nexus with the investment firm : India, News - India Today". indiatoday.intoday.in. Retrieved 2017-01-05.
↑ "Rose Valley scam: All you need to know about the chit fund case". www.businesstoday.in. 4 February 2019. Retrieved 2020-11-11.

External links

Corruption in India

Anti-corruption
activism

Legislation

Existing	Prevention of Corruption Act, 1988 Benami Transactions (Prohibition) Act, 1988 Prevention of Money Laundering Act, 2002 Right to Information Act, 2005 Whistle Blowers Protection Act, 2011 The Lokpal and Lokayuktas Act, 2013 Black Money Act, 2015
Proposed	Right to Recall Electoral reforms
Court decisions	Disqualification of convicted representatives in India None of the above (India) (NOTA)

Other

Scams and confidence tricks
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Notable scams and confidence tricks	1992 Indian stock market scam 2G spectrum case Advance-fee scam Art student scam Badger game Bait-and-switch Black money scam Blessing scam Bogus escrow Boiler room Bride scam Charity fraud Clip joint Coin-matching game Coin rolling scams Drop swindle Embarrassing cheque Exit scam Extraterrestrial real estate Fiddle game Fine print Foreclosure rescue scheme Foreign exchange fraud Fortune telling fraud Gem scam Get-rich-quick scheme Green goods scam Hustling Indian coal allocation scam IRS impersonation scam Intellectual property scams Kansas City Shuffle Locksmith scam Long firm Miracle cars scam Mismarking Mock auction Moving scam Overpayment scam Patent safe Pig in a poke Pigeon drop Pork barrel Pump and dump Redemption/A4V schemes Reloading scam Return fraud Salting Shell game Sick baby hoax SIM swap scam Slavery reparations scam Spanish Prisoner SSA impersonation scam SSC Scam Strip search phone call scam Swampland in Florida Technical support scam Telemarketing fraud Thai tailor scam Thai zig zag scam Three-card monte Trojan horse White van speaker scam Work-at-home scheme
Internet scams and countermeasures	Avalanche Carding Catfishing Click fraud Clickjacking Cramming Cryptocurrency scams Cybercrime CyberThrill DarkMarket Domain name scams Email authentication Email fraud Internet vigilantism Lenny anti-scam bot Lottery scam PayPai Phishing Referer spoofing Ripoff Report Rock Phish Romance scam Russian Business Network SaferNet Scam baiting 419eater.com Jim Browning Kitboga Scammer Payback ShadowCrew Spoofed URL Spoofing attack Stock Generation Voice phishing Website reputation ratings Whitemail
Pyramid and Ponzi schemes	Aman Futures Group Bernard Cornfeld Caritas Dona Branca Earl Jones Ezubao Foundation for New Era Philanthropy Franchise fraud High-yield investment program (HYIP) Investors Overseas Service Kapa investment scam Kubus scheme Madoff investment scandal Make Money Fast Matrix scheme MMM Petters Group Worldwide Pyramid schemes in Albania Reed Slatkin Saradha Group financial scandal Secret Sister Scott W. Rothstein Stanford Financial Group Welsh Thrasher faith scam
Lists	Con artists Confidence tricks Criminal enterprises, gangs and syndicates Impostors In the media Film and television Literature Ponzi schemes

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