Ink thrown at Indian 'fraudster'

2014-03-04 15:35
Chair of Sahara India Pariwar Subrata Roy, his face smeared with ink thrown by a lawyer, walks into the Supreme Court in New Delhi, India. (AP Photo)

Chair of Sahara India Pariwar Subrata Roy, his face smeared with ink thrown by a lawyer, walks into the Supreme Court in New Delhi, India. (AP Photo)

Multimedia   ·   User Galleries   ·   News in Pictures Send us your pictures  ·  Send us your stories

New Delhi - A lawyer threw ink at a top Indian businessman as he arrived at India's highest court on Tuesday to face charges that his company failed to return billions of dollars to investors.

Tycoon Subrata Roy along with scores of police and security guards was entering the Supreme Court building when the lawyer threw black ink at him.

"Subrata Roy is a thief. He has cheated and robbed us," the lawyer, identified by Indian television channels as Manoj Sharma, shouted as he flung the ink at Roy's face. Police detained Sharma and led him away.

Roy's Sahara conglomerate is well known throughout India because it co-owns a Formula One team and sponsored the Indian cricket team until recently.

Sahara has vast real estate holdings and interests in microfinance, media and entertainment companies and hotels, including the Plaza Hotel in New York and London's Grosvenor House. The company says its net worth is $11bn.

India's securities regulator has accused Roy's group of raising nearly $3.2bn through bonds that were later found to be illegal. Sahara India says its liability was much less and it already has repaid many investors directly.

Anger against Roy has been growing as millions of poor Indians lost their life savings after investing in the bonds.

- AP
Read more on:    india
SHARE:

Read News24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
4 comments
Add your comment
Comment 0 characters remaining

Inside News24

 
/News

Jobs in Cape Town [change area]

Property [change area]

Travel - Look, Book, Go!

Kalahari.com - shop online today

Valentine’s Day gifts – 14 Feb!

Gifts to spoil him and her. While stocks last. Shop now!

Games on Sale!

Save up to 60% on selected games. While stocks last. Shop now!

Up to 30% off All Textbooks

Save up to 30% off an extensive range of prescribed textbooks for all major universities and FET colleges. Shop Now!

Save up to 40% on outdoor accessories!

Tents, sleeping, day packs and more. While stocks last. Shop now!

30% off fragrances

Get 30% off fragrances for him and her. While stocks last. Shop now!

OLX Free Classifieds [change area]

Horoscopes
Aquarius
Aquarius

Love is in the air and it is swirling around you in a romantic mist. This may be an idealistic yearning for that perfect love or...read more

There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.




Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.