Subrata Roy, owner of Sahara who started his company in 1978
as chit fund. In starting, he had run his business by collecting small amount
of Rs.20 from small people like paanwala, rickshaw wala and then he made
largest employment company in India. According to India today in 2004, Subrata
Roy was most powerful person. And in 2012, Sahara India Pariwar was 2nd
largest employer after Indian railway.
But in 2011, SEBI ordered Sahara to refund 24,000 cr to their investors, but against that Sahara
said that they have repaid the half of the amount and only 5200 cr is due to
pay. SEBI felt that Sahara has breach the norms of capital market and company’s
act. SEBI claimed that Sahara has raised black money of politicians and
invested in their other business. And Sahara has opposed all this claims by
saying that they have obeyed all rules and raised funds from their
shareholders. S.C has ordered Sahara to repay the amount by 28th
October. NYBC has also ready to help for 5000 cr to Sahara.
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