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Showing posts from November 17, 2023

The Rise and Fall of Subrata Roy: A Tale of Ambition and Controversy

The Rise and Fall of Subrata Roy: A Tale of Ambition and Controversy Subrata Roy made an unassuming beginning in 1978 with a capital of just Rs 2,000. In under 10 years, he had the option to fabricate Sahara India throughout the long term.  The Gathering, according to the cases made on the authority site, has 9 crore financial backers and clients, a total assets of Rs 259,900 crore, 5,000 foundations and 30,970 sections of land.  As per Reuters, Sahara's resources at one specific moment included New York's Square Inn and the Grosvenor House in London.  A large number of unfortunate Indians from mofussil parts saved cash in his organization. These were generally uneducated with zero to least admittance to formal financial administrations.  The Protections and Trade Leading group of India (SEBI) at last stepped in and Roy's organizations were blamed for assortment of over Rs 24,000 crore from more than three crore people. In 2004, his organization had