Home BIG STORY Odisha chit fund scam: CBI gets 9 day remand of Gautam Kundu

Odisha chit fund scam: CBI gets 9 day remand of Gautam Kundu

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Odisha Sun Times Bureau
Bhubaneswar, Jan 25:

The Special Chief Judicial Magistrate (CJM) Court in the Odisha capital today allowed the CBI to take arrested Ponzi firm-Rose Valley Group chairman Gautam Kundu on a nine day remand.

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The CBI which had brought Kundu on transit remand from Kolkata yesterday produced him before the CJM court here today and sought to take him on a 14-day remand. However, the court allowed the CBI to take him on a nine day remand.

The CBI after getting him from Kolkata had kept him at its Special Investigative Team (SIT) unit here.

The CBI has already submitted its chargesheet in the Rose Valley Group chit fund scam. The central investigative agency has filed chargesheets against the Group’s chairman Gautam Kundu and three others.

Notably, in its chargesheet submitted at the Special CJM court on January 7, CBI charged the Ponzi firm of defrauding depositors of Rs 17,000 crore, out of which Rs 450 crore is from Odisha alone.

Kundu was arrested by the Enforcement Directorate (ED) in 2015 and was lodged in the Kolkata jail. The CBI expects to get substantial information from him on his company’s fraud in Odisha during his interrogation.