subrata roy net worth, Sahara India: Subrata Roy trapped in new trouble, now farmers have opened front, took this big step

subrata roy net worth, Sahara India: Subrata Roy trapped in new trouble, now farmers have opened front, took this big step

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New Delhi: The difficulties of Sahara India Company and its chief Subrata Roy Sahara are not reducing. Once upon a time stardom was achieved, the days of that Saharashree (Subrata Roy Sahara) have gone again. His tension is not taking the name of ending. Back-to-back cases are being filed against Subrata Roy Sahara across the country. Over 100 farmers in Surat on Wednesday filed a police complaint against Sahara India Parivar chief Subrata Roy and the managers of his investment firm for defrauding him of Rs 88.67 lakh, the Indian Express reported. In the police complaint, the farmers have said that they had invested Rs 57.62 lakh in the name of their family members in the branch of Sahara Group located at Kadodara in Surat district in the year 2008. Over 114 other residents of the same village had invested Rs 31.04 lakh in these schemes in the same year.

According to the police, the maturity period of the investment was between 2018 and 2021. However, when the investors went to withdraw the money, the branch manager made some excuse. The investors were asked to come after a few days, but the branch was found closed for a few days. The investors then approached the Saroli police and lodged a complaint of cheating against Lucknow resident Roy (Subrata Roy Sahara) along with the general manager, area manager and branch manager of his firm.

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Sahara used to run many schemes

Once upon a time, Sahara India used to run many schemes in the country. Sahara’s business had spread to real estate, finance, infrastructure, media, entertainment, health care, hospitality, real estate, retail, information technology. Sahara India, through its real estate company and Housing Investment Corporation, has acquired, developed and launched several housing projects across the country on a large scale. Apart from Lucknow, Sahara India had started housing schemes in Kanpur, Gorakhpur, Hyderabad, Bhopal, Kochi, Gurgaon and Pune etc. Once upon a time crores of people of the country had invested in Sahara India, which was one of the biggest companies of the country.

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this is how the trouble started

Sahara scam is mainly related to Sahara India Real Estate Corporation Limited (SIRECL) and Sahara Housing Investment Corporation Limited (SHICL), two companies of Sahara Group. On 30 September 2009, Sahara Prime City filed an application (DRHP) with SEBI for its IPO. When SEBI scrutinized this DRHP, it found several irregularities. SEBI received two complaints on 25 December 2009 and 4 January 2010 to SEBI. It was told that Sahara’s companies are raising money in a wrong way. After this, SEBI started investigating these two companies of Sahara.

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