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India's Sahara conglomerate chief Subrata Roy dies

November 17, 2023 01:07 AM

India's Sahara conglomerate chief Subrata Roy dies

16 November

Embattled Sahara conglomerate chief Subrata Roy died on Tuesday due to cardiorespiratory arrest, the company said in a statement.Roy was admitted to a hospital in Mumbai on Sunday and died following complications arising from metastatic malignancy, hypertension and diabetes, according to the company.Sahara, once the sponsor of India's national cricket team, had been embroiled in a battle with market regulator SEBI over repaying billions of dollars to investors who put their money in a bond scheme that was later ruled to be illegal.

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