Accessibility/Mobile Features
Skip Navigation
Skip to Content
Editorial News
Business
Classified Sites

The Canadian Press - ONLINE EDITION

Indian court orders arrest of key business leader who didn't attend hearing in cheating case

Subrata Roy gestures in Kolkata, India, Nov. 29, 2013. THE CANADIAN PRESS/AP, Bikas Das

Enlarge Image

Subrata Roy gestures in Kolkata, India, Nov. 29, 2013. THE CANADIAN PRESS/AP, Bikas Das

NEW DELHI - India's Supreme Court has issued arrest warrants for a key Indian business leader for failing to attend a hearing in a case relating to the refund of 200 billion rupees ($3.2 billion) to investors.

The court order asked police to produce Sahara India chief Subrata Roy next week after he defied its directive to appear in court Wednesday.

The Indian market regulator has accused Roy's group of raising the funds through bonds that were later found to be illegal. Sahara India says its liability was much less and that it has deposited an adequate amount with the regulator.

Sahara India has business interests in real estate, media, entertainment, tourism, health care and hospitality.

  • Rate this Rate This Star Icon
  • This article has not yet been rated.
  • We want you to tell us what you think of our articles. If the story moves you, compels you to act or tells you something you didn’t know, mark it high. If you thought it was well written, do the same. If it doesn’t meet your standards, mark it accordingly.

    You can also register and/or login to the site and join the conversation by leaving a comment.

    Rate it yourself by rolling over the stars and clicking when you reach your desired rating. We want you to tell us what you think of our articles. If the story moves you, compels you to act or tells you something you didn’t know, mark it high.

Sort by: Newest to Oldest | Oldest to Newest | Most Popular 0 Commentscomment icon

You can comment on most stories on brandonsun.com. You can also agree or disagree with other comments. All you need to do is register and/or login and you can join the conversation and give your feedback.

There are no comments at the moment. Be the first to post a comment below.

Post Your Commentcomment icon

Comment
  • You have characters left

The Brandon Sun does not necessarily endorse any of the views posted. Comments are moderated before publication. By submitting your comment, you agree to our Terms and Conditions. New to commenting? Check out our Frequently Asked Questions.

letters

Make text: Larger | Smaller

Brandon Sun Business Directory
Submit a Random Act of Kindness
Why Not Minot?
Welcome to Winnipeg

Social Media

Canadian Mortgage Rates