December 23, 2025 11:36 pm (IST)
Follow us:
CBI raids Tapas Pal's residence in Ponzi scam
Kolkata, Mar 4 (IBNS): The Central Bureau of Investigation (CBI) on Wednesday raided Trinamool Congress (TMC) MP Tapas Pal's residence in Kolkata.
This is one of the 43 premises being raided by the probe agency in a nation-wide operation in connection with a Ponzi scam.
"Searches are being conducted today by CBI at 43 locations across the country including 27 in West Bengal, 7 in Tripura and 1 location each in Odisha, Assam, Delhi, Uttar Pradesh, Maharashtra, Bihar, Jharkhand, Chattisgarh and Tamil Nadu," the CBI said in a statement available with the media.
Pal was the director of the Rose Valley Group, which is being investigated for allegedly duping investors in the Ponzi scam.
Rose Valley Group has been under the probe for almost two years with Market regulator Securities and Exchange Board of India, or SEBI, has been investigating the company since 2013.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
Latest Headlines
Uddhav Thackeray’s Sena joins hands with Raj Thackeray’s MNS for Mumbai civic polls; Congress opts out
Tue, Dec 23 2025
'Don’t go to Bangladesh': Kolkata musician Shiraz Ali Khan’s frightening escape will shock you
Tue, Dec 23 2025
Delhi erupts over lynching of Hindu man in Bangladesh; protest outside High Commission
Tue, Dec 23 2025
Assam on a ‘powder keg’: Himanta Biswa Sarma flags demographic shift, Chicken’s Neck fears
Tue, Dec 23 2025