Rose Valley Scam – Dreams Shattered by Greed

• Shubh Laabh
• March 29, 2026

Rose Valley Scam Explained: The Rose Valley scam defrauded over 3 million investors of around ₹17,500 crore through fake promises of high returns on land and hotel schemes. Led by Gautam Kundu, it operated as a massive Ponzi scheme in eastern India, preying on poor and middle-class families. Humble Start to Empire Gautam Kundu took over Rose Valley in the late 1990s after his brother’s death, turning a…