What was Saradha chit fund scam?

The Saradha scam was a major financial fraud spanning several states in eastern India, caused by the collapse of Saradha Group, a consortium of over 200 private companies that was believed to be running collective investment schemes popularly but incorrectly referred to as chit funds.

What is Rose Valley Group?

Rose Valley Group of companies is accused of cheating lakhs of people through its Ponzi schemes. Earlier on August 24, ED had seized seven luxury vehicles from a posh locality in Kolkata in its ongoing probe against Rose Valley Group.

Who did Saradha scam?

TMC leader and former MP Kunal Ghosh, who was once an employee of the Saradha Group, has reportedly returned the salary he earned while he worked for the media arm of the ponzi company. The money paid to Ghosh by the Saradha Group amounted to Rs 2.67 crore.

Who are main accused in Saradha scam?

Many prominent personalities were arrested for their alleged involvement in the scam including two Members of Parliament (MP) – Kunal Ghosh and Srinjoy Bose from the Trinamool Congress, former West Bengal Director General of Police Rajat Majumdar, a top football club official Debabrata Sarkar, Sports and Transport …

Where is Rose Valley in Bulgaria?

The Rose Valley (Bulgarian: Розова долина, Rozova dolina) is a region in Bulgaria located just south of the Balkan Mountains and the eastern part of the lower Sredna Gora chain to the south. Geologically, it consists of two river valleys, those of the Stryama to the west and the Tundzha to the east.

What is Bulgarian rose good for?

One Rose To Rule Them All – The Bulgarian Rose Rosa Damascena is a staple ingredient in many natural rose water products; it has antibacterial, antimicrobial, and anti-inflammatory properties, thus helping soothe skin, minimize pores, and reduce fine lines, to help you get the healthy skin of your dreams.

Why is Bulgaria famous for roses?

Once known for making pistols, ammunition, and automatic weapons under Communism, now the region is famous as one of the world’s biggest sources of an oil likened to “liquid gold.” Rose oil earned the nickname for a reason: It takes more than 3,180 pounds of roses to produce just one pound of rose oil, valued between …