National
CBI raids Trinamool MP Tapas Paul’s home, 42 Rose Valley locations
Kolkata/Agartala: The CBI on Wednesday raided the Kolkata residence of Trinamool Congress actor-MP Tapas Paul and 42 other locations of the Rose Valley Group across India in connection with a multi-crore-rupee chit fund scam.
Paul, who represents Krishnanagar in the Lok Sabha, was a former director of the group which has been under the scanner of various central agencies, including market regulator SEBI, the Serious Fraud Investigation Office (SFIO) and the Enforcement Directorate (ED).
The raids were conducted in 27 locations of the Rose Valley in West Bengal, seven in Tripura and one location each in Odisha, Assam, Delhi, Uttar Pradesh, Maharashtra, Bihar, Jharkhand, Chhattisgarh and Tamil Nadu.
“Apart from offices, searches are being conducted at the residential premises of Rose Valley Group chairman Gautam Kundu, managing director Shibamoy Dutta and then directors of the group, including Abir Kundu, Ramlal Goswami, Ashok Kumar Saha and present Lok Sabha MP Tapas Paul,” said an official of the Central Bureau of Investigation (CBI).
A team of CBI sleuths searched Paul’s residence for several hours.
Kundu, who was grilled by the ED on February 3, had said Paul was a director of the group’s films division.
Special CBI teams seized many official documents in Tripura during the raids.
A top police officer said on condition of anonymity that the CBI was scrutinising official documents of the company. “They interrogated 12 employees of Rose Valley Group.”
In Kolkata, Shibamoy Dutta said the company would cooperate with the CBI, but assured investors “there is nothing wrong”.
“At a time when some companies have not been able to retain people’s faith and have closed down, we have managed to keep open all our offices and function normally,” Dutta said.
The corporate affairs ministry in 2013 had named Rose Valley as one of the 73 companies involved in ponzi schemes in Bengal.
Having cast its net across Bengal, Tripura, Assam, Odisha, Jharkhand and Maharashtra among others, the company is alleged to have raised close to Rs.15,000 crore.
Found guilty of running “collective investment scheme” without necessary approvals, the SEBI in June 2014 had ordered the company to refund the money to the investors and barred it from accessing the securities market.
The SEBI had also warned the company of attachment and recovery proceedings if it failed to refund the money.
While the ED had attached 2,631 bank accounts of the group involving Rs.295 crore in November 2014, its properties were confiscated in Odisha following a court order on February 25.
Union Finance Minister Arun Jaitley in December last year had told the Rajya Sabha that the Rose Valley Group of companies had collected an estimated Rs.15,000 crore from investors.
Minister of State for Finance Jayant Sinha, in a written reply to the Rajya Sabha last month, had said the Saradha Group and the Rose Valley raised Rs.12,740 crore illegally.
According to Sinha, investigations revealed that the Rose Valley Group raised as much as Rs.10,281 crore from investors while Saradha firms had mobilised Rs.2,459 crore.
The Rose Valley Group, which came into focus following the busting of the Saradha Group of companies, was also one of the sponsors of Indian Premier League city franchise Kolkata Knight Riders.
National
Foodman Vishal Singh Honored for Hunger Free World Mission in Bangkok
Lucknow: Vishal Singh, a renowned social worker from Lucknow, also known as Foodman, has once again made India proud. He was honored by the Happy Hands Gloves Cooperative Limited Company in Korathai, Thailand, for his work with the Hunger Free World Mission.
The Hunger Free World Mission’s meeting was held in Korathai, Thailand, under Vishal Singh’s leadership. Representatives from several countries, including Mr. Raja Dwivedi (Managing Director of Happy Hands Gloves Limited), Thailand Coordinator Mr. Raja Mishra, and member Mr. Varun Singh, attended the event.
Under Vishal Singh’s leadership, the attendees took a pledge to work together toward creating a hunger-free world.
Speaking on the occasion, Vishal Singh explained that the main goal of the Hunger Free World Mission is social participation. He said the mission is not just about feeding people but also about meeting other basic needs of those who are struggling. The mission focuses on helping families of terminally ill patients in hospitals by providing food and shelter. It also works to fulfill essential needs like education, jobs, and care for the elderly.
For the last 16 years, the Vijay Sri Foundation has been providing free services, benefiting thousands of people. Vishal Singh highlighted that the mission aims to gain global recognition like other organizations such as WHO, WWF, and Red Cross, which work for social causes.
During this meeting, Vishal Singh was appointed as the Chairman of the Hunger Free World Mission by representatives from various countries. They also discussed holding regular meetings in different countries to push the mission forward.
Business tycoon Dr. Abhishek Verma has also supported this humanitarian mission, vowing to promote the idea of “Seva Parmo Dharma” (Service is the highest duty) worldwide. Vishal Singh praised him, stating that people like Dr .Abhishek Verma inspire others to work for the betterment of society.
Recently, Romania’s Ambassador, Mr . Daniela Sezonov Ţane, invited Vishal Singh to the Romanian Embassy in Delhi, where they discussed the mission in detail. Impressed by his humanitarian work, she honored Vishal Singh and invited him to Romania to take the mission forward .
Food man Vishal Singh has been serving the people of India for the past 16 years. Through the Vijay Sri Foundation, he provides free meals to cancer patients & their families ,shelter, and education for women & children along with running free old-age homes in Lucknow.
In addition to his humanitarian work, Vishal Singh also addresses issues like crime and corruption through his role as Chairman of Seva Path Media and Managing Director of Vijay Sri Foundation.
During the COVID-19 pandemic, Vishal Singh and his team worked tirelessly to provide food and help to the needy, including starving children, elderly citizens, and pregnant women. Despite contracting the virus himself, he continued to assist others after his recovery. He even created a life-saving oxygen regulator using household items, which was praised by doctors both in India and abroad.
In his address at the meeting, Vishal Singh spoke about his mission to create a hunger-free world. He pointed out that India’s large population, along with issues like unemployment and poverty, has caused the country to fall on the Hunger Index. He urged people to contribute just one handful of grains daily to help create a hunger-free world.
He concluded by saying that through social participation, we can empower the people around us, meet their basic needs, and work together to build a stronger, more prosperous, and developed society.