Rose Valley scam: Tapas Pal's CBI remand extended by three more days

| Updated: Aug 23, 2017 11:20 IST

Kolkata (West Bengal), [India], Jan. 3 (ANI): The Central Bureau of Investigation (CBI) remand of Trinamool Congress (TMC) MP Tapas Pal was on Tuesday extended for three more days in connection with the Rose Valley chit fund scam. The decision came hours after TMC MP Sudip Bandhopadhyay was arrested by the CBI for his alleged involvement in the same scam. The special Chief Judicial Magistrate CBI Court has on December 31 last year rejected the bail plea of Pal, sending him to three days of CBI remand. Pal was arrested by the CBI on December 30 last year for his alleged involvement in the scam, in which thousands of small investors were allegedly cheated. He was questioned for hours by the CBI before his arrest and his house was also raided. The actor turned politician was a director in two companies of the Rose Valley, a leisure and entertainment group, that has been accused of illegally accumulating Rs.17,000 crores in small savings through a Ponzi scheme. The group has been under investigation for almost two years.(ANI)