WB: Rose Valley chit fund scam amount almost Rs 60,000 crore

Discussion in 'Politics & Society' started by Free Karma, Apr 3, 2015.

  1. Free Karma

    Free Karma Senior Member Senior Member

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    Rose Valley chit fund scam amount almost Rs 60,000 crore, several political leaders under scanner
    Many scams tumbling out....what is worse is every other day there is some news of crude bombs/sleeper cells being busted :(
     
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  3. Ray

    Ray The Chairman Defence Professionals Moderator

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    It appears that all are connected with Trinamool.

    Mamata Bannerjee, as per today's newspaper, has claimed that the Trinamool Govt is 'transparent'.

    Transparent?

    Not transparent in thievery and deceit?
     
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  4. jackprince

    jackprince Turning into a frog Senior Member

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    Actually Rose Valley is less of a scam than some kind of weird vindictive action of GoI which has inadvertently seized all the accounts of the company making it impossible to do any business or pay off the investors. The accounts have been freezed over about 4 months ago. how can it honor its commitments? Also conspiracy theory is this action by the govt of india is in behest of groups like Reliance to wh8ch Rose Valley posed a competition in WB. Don't know how much is true, but after Sahara it is not very impossible. The accounts of reliance is equally murky but dont see anyone putting them under scanner.
     
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  5. Peter

    Peter Senior Member Senior Member

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    Actually the fault lies with the investors. In pursuit of cheap money they think that they can double their savings by investing in companies like Rose Valley,Sarada etc. Most of the investors are unlettered and have apprehensions in going to the govt banks. The agents of Saradha and Rose Valley often lure these poor souls into investing in their companies.
     

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