Subrata Roy has been in a Delhi jail since March 4 after failing to appear at a contempt hearing in his group's legal battle with the Securities and Exchange Board of India over the company's failure to repay investors who bought the outlawed bonds.
The Raidighi legislator, in a letter to TMC state chief Subrata Bakshi, said she will no longer be associated with the party.
The undistributed funds totalling over Rs 25,000 crore lying with the capital markets regulator Sebi's account have come back into focus after the demise of Sahara Group's chief Subrata Roy. Roy passed away in Mumbai on Tuesday night at the age of 75 after battling a prolonged illness. He faced multiple regulatory and legal battles in connection with his group firms that were accused of circumventing regulations with ponzi schemes, allegations his group always denied.
Roy was allowed by the Supreme Court to use the jail's conference room to negotiate sale of his hotels in order to collect Rs 10,000 crore (Rs 100 billion) for his bail.
India's badminton sensation PV Sindhu was felicitated by the Sahara India Pariwar in Mumbai on Sunday.
Market regulator Sebi has begun prosecution proceedings against two Sahara firms and their top officials, while accusing them of failing to provide documents related to three crore investors as per a Supreme Court order.
The stars attended Abhinav and Ashima Shukla's wedding reception at Taj Land's Bandra.
Subrata Roy was arrested in March 2014 after the company failed to comply with a court order to refund money raised from millions of small investors by selling them bonds later ruled to be illegal.
With Sahara India chief Subrata Roy behind bars, the country's first seaplane service from the megapolis to Aamby Valley City, which is run by the Sahara group, was today grounded for the time being.
Roy was receiving the same treatment as other inmates, the only privilege being that he gets a bed as he is over 60 years of age.
Sahara India was required to submit the title deeds of Rs 20,000 crore (Rs 200 billion) to the marker regulator as per direction of the Supreme Court.
Sahara India was required to submit the title deeds of Rs 20,000 crore (Rs 200 billion) to the marker regulator as per direction of the Supreme Court.
The Tribunal, in its last hearing in Mumbai on March 23, decided to hold its final hearing in the matter here in the National Capital on March 26.
The sale is to generate the bail money for the release of Sahara Group chief Subrata Roy.
CBI not to need prior approval to probe corrupt govt officials.
After selling land in Gurgaon for Rs 1,211 crore recently, the Sahara group is believed to have finalised two more realty deals, one in Mumbai and another in Jodhpur, for Rs 1,250 crore.
Struggling Pune Warriors, with a question mark hanging over the fitness of their impact player Yuvraj Singh, cross swords with high-flying Rajasthan Royals in the Pepsi IPL clash at the Subrata Roy Sahara Stadium in Pune on Thursday.
Fed up with the tactics of Sahara Group and its chief Subrata Roy, the Supreme Court observed that judges would need to be "superhumans" to handle the pressures to handle frivolous litigations.
In the midst of its bloody battles with the Supreme Court and Sebi, Sahara group gets the Calcutta high court to issue a stay order on the publication of the book, Sahara: The Untold Story, by Tamal Bandyopadhyay.
Arsonists torched a house belonging to a Hindu family with no political affiliation in northwest Bangladesh, a media report said on Wednesday, in the latest incident of targeted attacks on the minority community after the fall of the Sheikh Hasina-led government.
Sahara Group chairman Subrata Roy, who reached a compromise with the Board of Control for Cricket in India to pave the way for Pune Warriors' participation in the IPL, has demanded an open auction without any player retention to make the cash-rich Twenty20 league more entertaining.
The market regulator is seeking help from its peers in Mauritius, the UK and the US to solve the high-profile money laundering case involving Sahara chief Subrata Roy.
BJP's Adhikari said that an opposition MLA is usually appointed as the PAC chairperson following the norm, but the TMC misused that rule to appoint Roy as its chairman.
Ramoji Rao lived as the interface between business and politics and was an active participant in both for most of his remarkable life.
On February 13, Sebi passed two separate orders, together running into 160 pages, directing attachment of properties and freezing of accounts.
Actress Priyanka Chopra, Bipasha Basu, Neha Dhupia, Sameera Reddy perform at the event.
A major controversy was averted on Thursday when an angry chairman of selectors Sandeep Patil threatened to storm out of the Subrata Roy Sahara stadium in Pune before officials of the Maharashtra Cricket Association (MCA) intervened and persuaded him to stay back.
The high-profile saga -- which on Friday saw the arrest of flamboyant Sahara group chief Subrata Roy, who calls himself 'Managing Worker' of his business empire -- has seen many dramatic events along the way.
The transactions between entities of Sahara Group show loopholes in regulation that can be exploited to fool investors and launder money.
The bench asked the official liquidator, attached with the Bombay high court, to auction Aamby Valley properties, estimated to be worth Rs 34,000 crore, and directly report to it
Leg-spinner Amit Mishra produced a stunning performance, taking four wickets in five deliveries, including a hat-trick, as Sunrisers Hyderabad pulled off an incredible 11-run victory over Pune Warriors in the Pepsi Indian Premier League, in Pune, on Wednesday.
The Tribunal will hold on Saturday its 'preliminary hearing' of four petitions in this matter related to the high-profile case involving a refund of over Rs 24,000 crore (Rs 240 billion) raised through 'various illegalities' by two Sahara companies.
The group is selling property to raise a particular sum for the release of its chief Subrata Roy, in Tihar jail since March 4.
Sahara group promoter Subrata Roy said he will take his newly acquired Indian Premier League (IPL) team public by 2013, the second year of operations, and is open to having investors take a minority equity stake in the franchisee.
Roy was anxious, but he gave no sign of losing his calm even though it was not easy to give up a Rs 20,000-crore empire.
The international stadium in Pune will no longer be known as 'Subrata Roy Sahara stadium' after business conglomerate Sahara Group decided to withdraw the name in the wake of its dispute with the Maharashtra Cricket Association.
The court had previously rejected Roy's plea to move to a house arrest in its last hearing on April 9 and asked the lawyers to file short written submissions on April 16.
Sahara group, whose chief Subrata Roy who was in jail for over two years in connection with a long-running dispute with markets regulator Sebi is now out on parole
It's business as usual for Sahara in some places, but collection agents fend tough questions from investors.
The Sahara group on Tuesday made a fresh proposal before the Supreme Court for depositing Rs 20,000 crore (Rs 200 billion) investors' money with SEBI to secure release of its chief Subrata Roy.
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