Kundu was arrested by the ED on March 25, 2015.
Rose Valley is one of the biggest money businesses after Sahara.
He will have to surrender before the court by the end of 14 days.
'I have tutored my family and myself to fight hunger,' the former agent for the disgraced Saradha chit fund says, his eyes welling up. 96 of the 107 cases referred to the Serious Fraud Investigation Office are based in Bengal!
Bandyopadhyay had approached the high court in February seeking regular bail on health grounds.
ED had arrested group chairman Gautam Kundu on March 25.
Independent MLA Balraj Kundu, who has been vocal against the BJP-led government on several issues, remained firm in his decision to abstain from voting.
Counting of votes for the two Rajya Sabha seats from Haryana was put on hold on Friday after the Bharatiya Janata Party and the Independent candidate backed by it urged the Election Commission to cancel the votes of two Congress MLAs.
Parts of the city plunged into a welter of violence as his convoy was attacked with stones by alleged TMC supporters from inside the hostel of Vidyasagar College, triggering a clash between supporters of the two parties, officials said.
Shortly after arrest, BJP state headquarters in Kolkata was attacked allegedly by members of TMC student wing.
BCCI interim chief Jagmohan Dalmiya is set to be elected unopposed in a straightforward affair at the Cricket Association of Bengal's 82nd Annual General Meeting in Kolkata, on Tuesday.
As Rose Valley resurfaces, Sudip Bandyopadhyay and Tapas Pal's arrests marks the end of the bonhomie between the TMC and BJP.
The decision was taken at a meeting of Sanyukt Kisan Morcha, an umbrella body of 40 farmer unions protesting at various Delhi border points against three farm laws.
Tamil Nadu registered their first win of the season, beating Kerala by 151 runs Sunday in a Ranji Trophy Elite Group 'B' match at the M A Chidambaram stadium in Chennai.
In an hour-long chat on rediff.com on Friday, A K Prabhakar, senior VP and Head -- Equity Research (Retail), Anand Rathi Financial Services Ltd, discussed the best stocks to put the investors' money in.
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