Rose Valley scam has returned back Rs 10,500 Crore To Investors 

The probe agency has reported that the Rose Valley which was illegal for defrauding the investors in West Bengal promising to return doubles of the amount submitted. It was scammed 6 years ago and has returned around Rs 10,500 Crore To Investors out of the Rs 17,520 crore amount which was raised by them in past two years of its establishment in the market. . The officials of the probe of the CBI and ED official has reported for the return of the amount to the investors by the scammed agency.

Under the designation of the Prevention of Money-Laundering Act (PMLA) court, the prosecution has a complaint about the attached properties worth Rs 4500 crore. 

The Rose Valley, Saradha, and the Ponzi scam. 

The Rose Valley Group of Companies is an alleged firm that has to defraud investors in West Bengal, Odisha, Assam, Jharkhand, Punjab, Delhi, Rajasthan, MP, Tripura, and AP nearly Rs 17,000 crore Rs 10,500 Crore To Investors. 

The collection of the public deposits were collected and submitted, it is a chit fund based company which has a range of entertainment and holiday-membership team. 

The eminent actor of WB Tapas Pal and many other officials who were related to this case were arrested. 

The Group has seven companies under its umbrella- Rose Valley Hotels and Entertainment LTD, Rose Valley Real Estates and Constructions Ltd, Rose Valley Realcon Ltd, Rose Valley Chain Marketing System, Rose Valley Industries Ltd, Rose Valley Fashions Private Limited, and Rose Valley Travel Private Limited. The company generally spammed people based on collecting money for the controversial holiday-membership plan to famous destinations with booking packages at low cost and better features. It generally dealt with the customers promising to provide glittering facilities that bestowed them and added them up in the scam.