Sahara chief Subrata Roy may walk out of jail this week

Last Updated: Monday, May 11, 2015, 00:49

After more than a year at the Tihar Jail, beleaguered Sahara group founder Subrata Roy could walk out of jail this week after the company informed that Supreme Court that it was ready with a bank guarantee of Rs 5000 crore for the sumpremo's bail.

Sahara Group agrees to pay Rs 10,000 crore to ensure Subrata Roy`s bail

Last Updated: Friday, May 8, 2015, 19:02

The apex court on August 31, 2012 had said the group was required to refund Rs 24,000 crore with 15 percent interest in three months to the depositors.

Sahara agrees to pay remaining amount to ensure Subrata Roy's bail

Last Updated: Friday, May 8, 2015, 16:45

Sahara Group said that it will pay the entire bail amount by next week.

SEBI makes fresh bid to find Sahara investors for refunds

Last Updated: Sunday, May 3, 2015, 13:06

Making a fresh bid to locate Sahara investors eligible for refunds, capital markets regulator SEBI has asked the bondholders of two Sahara firms to submit their claims along with the proof of investments.

Court to hear IT case against Subrata Roy, others on June 1

Last Updated: Wednesday, April 15, 2015, 17:22

A Delhi court Wednesday fixed June one to hear an Income Tax case in which Sahara Chief Subrata Roy, now lodged in Tihar Jail, and others have been accused of not filing returns for a group company for 2013-14 assessment year.

Sahara supports Sebi's claim to bring $13-mn to refund account

Last Updated: Monday, April 13, 2015, 10:47

Sahara has supported the regulator's claim before a US court to bring back nearly USD 13 million from sale proceeds of a business jet of the crisis-hit group.

SEBI moves US court with $12 mn claim on Sahara jet sale

Last Updated: Sunday, April 12, 2015, 18:47

In a new twist to the high profile SEBI-Sahara case, the Indian capital markets regulator has approached a US court with a USD 12-million claim on proceeds from sale of a corporate jet owned by a Sahara Group firm.

Rescue plan for Sahara in doubt as BBVA denies loan

Last Updated: Thursday, March 26, 2015, 10:00

Sahara told the Supreme Court this week that BBVA had agreed a 900 million-euro ($985 million) loan to Hong Kong firm Nouam Ltd.

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

Last Updated: Wednesday, March 25, 2015, 20:13

Uncertainties loom large over embattled Sahara's fund raising plans even as the group today said that its proposed arrangements to raise money for release of its chief Subrata Roy cannot be subjected to public debate and speculative media trials.

Spain's BBVA denies credit line to bail Sahara chief Subrata Roy

Last Updated: Wednesday, March 25, 2015, 14:20

Subrata Roy has been held in jail for more than a year after Sahara failed to comply with a court order to refund billions of dollars to investors in a bond programme that was ruled illegal.

Spanish bank BBVA denies credit exposure, relationship with Sahara Group

Last Updated: Wednesday, March 25, 2015, 13:48

Spanish bank BBVA has no credit exposure or relationship with Indian conglomerate Sahara, a bank spokesman said on Wednesday.

SC gives three months time for Sahara for concluding deal

Last Updated: Monday, March 23, 2015, 16:27

Expressing "prima facie satisfaction", the Supreme Court today granted three months time to Sahara Group for selling its offshore properties for raising Rs 10,000 crore to ensure the release of its Chief Subrato Roy, who has been in jail for a year for non-refund of over Rs 20,000 crore to depositors.