It's a scam which looks to dwarf even the Saradha chitgate. The chargesheet against Kundu, five other persons and Rose Valley Real Estate Company Limited was filed before Judge-I G C Karmakar at the City Sessions Court in Kolkata. The chargesheet against Kundu, five other persons and Rose Valley Real Estate Company Limited was filed before Judge-I G C Karmakar at the City Sessions Court. Rose Valley chit fund scam is believed to be the biggest ponzi fraud in India and the amount could exceed Rs 60,000 crore. The scam itself is at least seven times bigger than Saradha scam. The Rose Valley chit fund company has duped over 1 crore people and leaders from different political parties have now come under the scanner. Many feel the revelations so far are only the tip of an iceberg and more skeletons will keep tumbling out of the closet even as investigations proceed.
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