Calcutta High Court Seeks CAG for Forensic Audit After SEBI Withdraws from Rose Valley Scam Investigation

Nov 01, 2025 01:11 am CST

The Calcutta High Court is pursuing the Comptroller and Auditor General to conduct a forensic audit in the Rose Valley chit fund scam after SEBI's withdrawal. With Rs 17,000 crore still unrecovered from the total Rs 17,500 crore owed to investors, the court insists on a thorough investigation before proceeding with further arguments. The court has also rejected proposals to use depositors' funds for engaging external agencies.