Subhra Kundu, wife of business giant  Gautham Kundhu was arrested in connection with the probe into the multi-crore chit fund scam, sources in the investigating agency said. Sleuths of the Economic Offences Wing of CBI apprehended Kundu for her alleged role in the ponzi scam, they said. She is most wanted in by the CBI and another investigating agency, Enforcement directorate in connection with this chit fund company, which promised high interests with low deposits. According to CBI sources, the amount of money garnered by Rose Valley through such schemes could be more than Rs 12,000 crore. Gautam Kundu has also been in jail since March 2015. The Rose Valley has made investments in the hotel industry as well.

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