Latest News on OFCD
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OFCD - Total results - 27
Mar 10, 2016
The Subrata Roy case: What’s happening to the billionaire who couldn’t get away?Questions need to be raised about the curious case of billionaire Subrata Roy who paid loads of cash to the market regulator and last week completed two years behind bars in Delhi's maximum security prison.
Jul 08, 2015
Can't pay? SC can call Subrata Roy's bluff by appointing a liquidatorThe way to call the bluff is simple: once Rs 10,000 crore is arranged, the Supreme Court should put the rest of Sahara's assets under a court-appointed liquidator, whose nod would be required for actually selling any property. Once the dues are recovered, the remaining property can be released to Roy.
Mar 25, 2015
Sahara says submissions to SC can't be subject of media trialIn a statement, Sahara said "submissions made before the court for adjudication in a sub-judice matter cannot be subjected to public debates and speculative media trials, as the same can attract contemptuous liability".
Jan 14, 2015
Allowing Subrata Roy to sell Sahara assets for his personal bail may not be rightThe way out will be to release Roy from jail after impounding his passport and simultaneously appoint a receiver for sale of assets
Dec 18, 2014
SC misses the elephant in the room: whose money was Sahara playing around with?The Supreme Court has sent Subrata roy of Sahara to prison for not paying up the dues of his OFCD holders to Sebi. But it is forgetting the bigger question: whose money was it anyway?
Sep 09, 2014
Jailed Subrata Roy is paying the price for arrogance of powerCorporate defiance at a time when all institutions - from regulators to courts - are trying to re-establish their credibility is what has laid Vijay Mallya and Subrata Roy low.
Sep 05, 2014
Check out: The 3 properties Sahara's Subrata Roy is hoping will bail him out of jailSubrata Roy has sought an extension of ten days from the Supreme Court to seal the deals for his hotels abroad. Here's a look at the properties.
Aug 12, 2014
Crony socialism: Why more businessmen are seeing insides of jail than ever beforeMore scams happened during UPA because there is a link between funnelling money to the poor and corruption. In crony socialism, more businessmen are seeing the insides of jail than ever before
Jul 22, 2014
SC rejects Subrata Roy's bail plea: Here's what the court saidThe Supreme Court today rejected the bail and parole plea of Sahara chief Subrata Roy, but allowed him to leave jail premises in order to participate in negotiations for asset sales in order to raise funds for his bail.
Jun 04, 2014
SC lifts freeze on assets, but Subrata Roy to remain in jailSahara group chief Subrata Roy will remain in jail even as the Supreme Court on Wednesday lifted the freeze on the group's moveable and immovable assets so it could raise Rs.10,000 crore for part repayment to investors.