Rose Valley financial scandal

Rose Valley Group
Founded1997
FounderKajal Kundu
Years active1997–2015
TerritoryIndia (West Bengal, Odisha, Assam, Tripura, Jharkhand, and others)
EthnicityIndian
Leader(s)Gautam Kundu (Chairman)
Criminal activitiesPonzi scheme, financial fraud, money laundering

The Rose Valley financial scandal, or Rose Valley chit fund scam, is a major financial fraud and alleged political scandal that came to light in India in the early 2010s. The scandal involves the Rose Valley Group, a conglomerate that allegedly ran unauthorized collective investment schemes and Ponzi operations, collecting over ₹15,000 crore from millions of depositors across eastern India.

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