Finance:Rose Valley financial scandal

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Short description: Political scandal in West Bengal

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]

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