Subrata Roy

Sebi on Wednesday ordered the attachment of bank and demat accounts of Sahara Group chief Subrata Roy and three others to recover Rs 6.48 crore for violating regulatory norms by two group companies. The recovery proceedings have been initiated against these four persons for violating regulatory norms in the issuance of optionally fully convertible debentures (OFCDs) by two group companies. Apart from Sahara, others whose bank and demat accounts were attached are Ashok Roy Choudhary, Ravi Shanker Dubey and Vandana Bharrgava. The recovery proceedings have been initiated against these four persons to recover Rs 6.48 crore, which includes all costs, interests, charges and expenses etc, the Securities and Exchange Board of India (Sebi) said in the attachment order. In its notice, Sebi has directed all banks to attach all accounts, including lockers, of these four persons. All banks, depositories and mutual funds have been directed not to allow any debit from accounts of these four pers

The notice came after the entities failed to pay the fine imposed on them by the Securities and Exchange Board of India (Sebi)

The High Court (HC) had asked Sahara to convey a plan for refunding the matured deposits of investors

The Supreme Court on Thursday set aside the Patna High Court orders in an anticipatory bail case including the one directing Sahara Group chief Subrata Roy to appear before it

A bench of Justices A M Khanwilkar, J B Pardiwala passed the order while taking into account the request made by the Bihar government's counsel who said state needed time to file a counter-affidavit

Supreme Court stayed Patna High Court order directing DGP, Bihar, to produce Sahara Group chief Subrata Roy before it on May 16 in a matter

The Patna High Court on Friday issued an arrest warrant against Sahara India chairman Subrata Roy after he failed to appear before it despite repeated summons

The case was registered at Kakadeo police station on Sunday

Sahara group Chairman Subrata Roy Sahara has tested positive for coronavirus

Sahara and its chief Subrata Roy have been in the spotlight recently after they got a district court to stall the release of Netflix's series "Bad Boy Billionaires" featuring Roy, among others

Roy has also assured all Sahara investors that they would get their invested amount with full interest and an additional interest would be paid even for a day's delay.

Regulator bars Sahara firms, Roy and its directors from dealing in securities markets for a period of 4 years

SC extends its interim order granting bail to the Sahara chief till July 5, the next date of hearing

Apex court warns Roy he will be sent back to Tihar if cheque is dishonoured

Directs liquidator of Bombay High Court to prepare valuation in 10 days

Allows sale of 16 assets in list given to it, with various stipulations

SC directs Sahara Group to deposit Rs 5,092.6 cr by April 7 for its chief Subrata Roy to get bail

Allows transfer of £35 million from a London bank account for payment of bail amount

During the hearing, Roy's counsel proposed to pay Rs 11, 000 crore within a period of two-and-a- half years

Roy had been out on parole since May after serving a two-year term in Delhi's Tihar Jail to hold the last rites of his mother