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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
Sebi makes another attempt to locate Sahara investors eligible for refunds

May 04, 2015

Sebi makes another attempt to locate Sahara investors eligible for refunds

There is no specific deadline as yet in the latest attempt by Sebi, which has been asked by the Supreme Court to refund money collected from the bondholders of Sahara India Real Estate Corp (SIRECL) and Sahara Housing Investment Corp Ltd (SHICL), after verifying the credentials of the investors. #SEBI #Sahara #investors #PAN
Sahara backs Sebi's claim to bring back $13-mn from jet sale proceeds

Apr 13, 2015

Sahara backs Sebi's claim to bring back $13-mn from jet sale proceeds

Engaged in a long-drawn legal battle with Sebi, Sahara has supported the regulator's claim before a US court to bring back nearly $13 million from sale proceeds of a business jet of the crisis-hit group. #SEBI #Sahara #Jet #Legal assistance
Twist in the tale: US court rejects Sebi plea seeking $12 mn from Sahara's jet sale

Apr 13, 2015

Twist in the tale: US court rejects Sebi plea seeking $12 mn from Sahara's jet sale

The Indianapolis court is looking into disbursement of money collected from the aircraft sale #SEBI #Sahara #corporate jet #aircraft sale
Delhi HC stays warrant for Sahara's Subrata Roys appearance in Income Tax case

Apr 10, 2015

Delhi HC stays warrant for Sahara's Subrata Roys appearance in Income Tax case

The Delhi High court today stayed till next month the trial court proceedings and the warrant issued by it for the appearance of Sahara Chief Subrata Roy, now lodged in Tihar Jail, in an Income Tax case for allegedly not filing returns for a group company for the assessment year 2013-14. #Tihar jail #Subrata Roy #Sahara #Income tax
Rescue plan for Roy in disarray as Spanish bank BBVA denies loan to Sahara

Mar 26, 2015

Rescue plan for Roy in disarray as Spanish bank BBVA denies loan to Sahara

A rescue plan for Indian conglomerate Sahara was thrown into disarray on Wednesday after Spanish bank BBVA denied offering a credit line to the group, potentially jeopardising efforts to revive its fortunes and free its jailed boss. #Tihar jail #Subrata Roy #Sahara #Aamby Valley #Grosvenor House #BBVA #mirach capital
Sahara says submissions to SC can't be subject of media trial

Mar 25, 2015

Sahara says submissions to SC can't be subject of media trial

In 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". #Supreme Court #SEBI #CompanyWatch #Subrata Roy #Sahara #Bank of China #OFCD #BBVA Bank #Nouam Ltd