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What is Rose Valley chit fund scam?
Can you tell me what the Rose Valley chit fund scam is?
Certainly. The Rose Valley chit fund scam was a Ponzi scheme perpetrated by the Rose Valley Group, a consortium of companies based in Kolkata, India. The scam primarily targeted poor investors in the eastern states of West Bengal, Odisha, and Assam, and has been estimated to have defrauded them of over Rs 15,000 crore.