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SUBRATA ROY'S RS 25,700 CRORE CASE RESURFACES AFTER HIS PASSING
The Daily Guardian
|November 16, 2023
It was on March 4, 2014, when Sahara chief Subrata Roy came to the Supreme Court in his trademark white shirt and black half-waist coat in a white Bolero police vehicle to appear in pursuance to the non-bailable warrant against him for failing to deposit Rs 25,700 crore in the SEBI-Sahara case for returning investors’ money.
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Roy who is the architect of the vast Sahara Group, passed away on Tuesday due to a cardiorespiratory arrest after a prolonged illness at Kokilaben Dhirubhai Ambani Hospital & Medical Research Institute in Mumbai. He was 75. The undistributed funds totalling over ₹25,000 crores lying with the capital markets regulator Sebi’s account have come back into focus after the death of Sahara Group’s chief Subrata Roy.
Dit verhaal komt uit de November 16, 2023-editie van The Daily Guardian.
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