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Rose Valley scam: Noted Bengali film producer arrested by CBI, to be brought to Bhubaneswar

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Bhubaneswar: Noted Bengali film producer Shrikant Mohta, who was arrested by the Central Bureau of Investigation (CBI) in connection with the Rose Valley money laundering scam, will be brought to Bhubaneswar tonight, an official said.

Mohata, the co-founder of Shree Venkatesh Films, which has produced over 120 films, will be produced in a court here on Friday, he added.

Lakhs of depositors in Odisha were duped by the Rose Valley chit fund company promising to multiply their investments manifold.

CBI sources said Mohta had taken Rs 25 crore from Gautam Kundu, head of chit-fund company Rose Valley, who is currently in jail.  He had produced several films for the Rose Valley group with that money. He did not deliver, and when Mr Kundu asked him for his money, Mohta allegedly warned him off — dropping several powerful names of the ruling Trinamool Congress.

Mohta was detained from his office in south Kolkata’s Kasba this afternoon and brought to the CBI office at Salt Lake and then arrested.