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Sahara group says it will defend lawsuit on US hotels sale

Jun 25, 2015

Sahara group says it will defend lawsuit on US hotels sale

Last week, the Supreme Court of India set out conditions for release of Sahara chief Subrata Roy and two other executives from the jail and asked the group to make a total payment of Rs 36,000 crore in 18 months. #Business #Sahara Group #Supreme Court #Subrata Roy #UBS #Grosvenor House #plaza #dream downtown #Reuben brothers #JTS Trading Ltd #Trinity White City Ventures
US court issues show-cause notice to Sahara in $350-mn lawsuit

Jun 22, 2015

US court issues show-cause notice to Sahara in $350-mn lawsuit

In fresh troubles for Sahara, a US court has issued show-cause notice to the group in connection with a $350 million lawsuit seeking attachment of its two prized hotel assets here -- Plaza and Dream Downtown. #Business #India #NewsTracker #Subrata Roy #Sahara #Bank of China #Grosvenor House #JTS Trading Ltd
Guarantor pulls out: Subrata Roy deeper in trouble as refund amount rises to Rs 36000 cr

Jun 20, 2015

Guarantor pulls out: Subrata Roy deeper in trouble as refund amount rises to Rs 36000 cr

The Supreme Court asked jailed Sahara chief Subrata Roy to furnish Rs 5,000 crore in cash and a bank guarantee of equal amount to secure his release. #Bail #India #NewsTracker #Supreme Court #SEBI #Kapil Sibal #Subrata Roy #Sahara #Saradha scam #Sahara chief
7 interesting facts about Mumbai-born Reuben brothers who saved Sahara

Jun 08, 2015

7 interesting facts about Mumbai-born Reuben brothers who saved Sahara

David and Simon Reuben were born in Mumbai to a Jewish business family and since then have gone on to make a range of interesting investments. Read more about them. #Subrata Roy #Sahara #Reuben brothers #David and Simon Reuben #Trans-World
'Not part of any re-auction': Now, Sahara denies report of it bidding for Grosvenor House

May 29, 2015

'Not part of any re-auction': Now, Sahara denies report of it bidding for Grosvenor House

Troubled conglomerate Sahara, the founder of which has been held in a jail for more than a year, has dismissed media reports saying it is participating in an auction of the Grosvenor House hotel in London as "incorrect and speculative". #SEBI #Subrata Roy #Sahara
SC delays decision on jailed Sahara chief Subrata Roy

May 14, 2015

SC delays decision on jailed Sahara chief Subrata Roy

Subrata Roy has been held in jail for more than a year, after Sahara failed to comply with a court order to refund money it had raised from millions of small investors by selling bonds that were later ruled to be illegal. #Subrata Roy #Sahara #lawyer
Sahara agrees to pay entire bail amount to release jailed chief Subrata Roy

May 08, 2015

Sahara agrees to pay entire bail amount to release jailed chief Subrata Roy

Sahara, a sprawling conglomerate that ranges from media to property and Formula One racing, has agreed to pay the full $1.6 billion in bail to release its jailed boss, Indian television channels reported on Friday. #Formula One #Sahara
Sahara hide and seek: Fit case for the income tax dept to step in

May 04, 2015

Sahara hide and seek: Fit case for the income tax dept to step in

The matter comes within the remit of the income tax sleuths in the absence of any law on benami in the country #Supreme Court #SEBI #Subrata Roy #Sahara #OFCCD