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Probes against Sahara group cos will not be impeded by death of any person: Corp affairs ministry

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. ....

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A sad end to Subrata Roy's rags-to-riches-to-rags story

Subrata Roy made a promising start as a high flying business magnate only to lose his way, descending into irrational excesses and breaking the trust of small investors wooed by the promise of exponential returns. Once the garden variety scam was exposed, all his attempts to raise funds and salvage his ventures floundered ....

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