India s government has no plans to stop investigations into some Sahara group companies after the death of its founder Subrata Roy. Corporate affairs ministry had given the probe responsibilities to the Serious Fraud Investigation Office (SFIO). Sahara s founder Roy passed away earlier this year.
The government may transfer more than Rs 25,000 crore of unclaimed Sahara funds to India s Consolidated Fund. While this sum might marginally impact government borrowing and alleviate market concerns, the surge in bond supply, driven by increased government spending, continues to affect yields, influencing corporate borrowing costs and the broader economy.
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Sahara's Subrata Roy passes away: In an interview with Aaj Tak’s Sayeed Ansari in 2013, Roy, speaking about the legal tussle the authorities, said that the Reserve Bank of India (RBI) put a prohibition on them regarding the RNBC in a rather “filmy” way.