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The saga of Subrata Roy: From a flamboyant boss to Tihar inmate


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Mar Thoma
i want to relax with a Kingfisher beer
by Mar Thoma on Apr 14, 2014 08:21 AM  | Hide replies

when court sends mallya to tihar

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prem menon
tax heads heads to be rationalised
by prem menon on Apr 07, 2014 12:40 PM

subrato roy was arrested to pin down mulayam singh yadav. 2 g scam to pin down karunanidhi, but many more scams in congress which not moved even a inch. many lacs of crores of rupees in overseas accounts. our finance ministers never attempted to get back to India. congress ministers mp's mla each asset to be audited by Cag/ lacs of crores of rupees can be traced/

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lucyama
Subroto deserves to be in Jail....his property should be seized
by lucyama on Apr 06, 2014 10:08 PM

Subroto deserves to be in Jail....his property and his savings should be seized and distributed amoung ppl....he is definitely worth more than 20,000 crores...he is a ppimpOf Mulayam Singh

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manoj regha
Sahara
by manoj regha on Apr 05, 2014 11:02 AM  | Hide replies

There are many more companies who have not returned Fixed Deposits to the Investor. I have worked in with such Companies. One is Precision Fasteners Ltd. All these companies promoters are still staying in posh bungalows, dining in Five Star Hotels and Flying in Business Class. These companies simply to go BIFR and AAIFR for getting protection and they eventually get it and they sit on public money for unlimited period. More over, they have not paid their dues to banks which are hundreds of crores. The Supreme Court should scrap this BIFR and AAIFR and make these companies pay to the banks and investors or sell of their properties and proceeds give to be given to the investors and Banks. Lot of employees are also to be paid. In Precision Fasteners employees are to be paid for about 50-60 months salary. Their PFs are not paid.


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lucyama
Re: Sahara
by lucyama on Apr 06, 2014 10:06 PM
manoj dnt talk much else u will get a room next to roy in tihar

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brainrack
why is rediff blocking an opinion
by brainrack on Apr 05, 2014 10:53 AM  | Hide replies

every minister has access to kickbacks. how much and in what currency depends on the projects,policy,patronizing, etc of the politician. how does the minister get the money to his advantage. That is where chartered acoountants,retired IT officials, police etc and individuals who can front for the corrupt come into play. some frontmen are politician specific, some are for group of ministers, some across Parties. the money ill gotten has to then flow into real estate, gold-jewelry, cars, artefacts, boats-yatchts, business,shares, girl friends, mistress, wine ,film production etc. Subroto was one such frontman for Mulayam when a lot of money was entrusted to Roy and the Parivar concept was thought of. what this man did was to collect small amounts from the citizens and create a picture as though more was deposited to Sahara and so all kick backs wre seen as private deposits. To such was added money received from bogus citizens and so the money was available for real estate etc and lavish living. Roy then had referrals from other miniters and soon his SAHARA wealth on paper was huge and the ministers through their cronies got back land and property and shares in Sahara Business and also the money was paid back to the Ministers through contracts of work done in various projects legitimizing the money flow to the minister. So tecchnically on paper sahara is expected to show one lakh thirty five thousand crore as assets. in fact it may have only 1000-2000 crores.So Tihar Jail.

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Prem Prakash
Re: why is rediff blocking an opinion
by Prem Prakash on Apr 05, 2014 11:57 AM
You mean, there is no investor in sahara and only by circulation of black money 12 lac work force is earning their livelihood for the last 35 years . oh come on! be with realistic approach.

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suresh iyer
the mechanism of sleaze
by suresh iyer on Apr 05, 2014 10:52 AM  | Hide replies

every minister has access to kickbacks. how much and in what currency depends on the projects,policy,patronizing, etc of the politician. how does the minister get the money to his advantage. That is where chartered acoountants,retired IT officials, police etc and individuals who can front for the corrupt come into play. some frontmen are politician specific, some are for group of ministers, some across Parties. the money ill gotten has to then flow into real estate, gold-jewelry, cars, artefacts, boats-yatchts, business,shares, girl friends, mistress, wine ,film production etc. Subroto was one such frontman for Mulayam when a lot of money was entrusted to Roy and the Parivar concept was thought of. what this man did was to collect small amounts from the citizens and create a picture as though more was deposited to Sahara and so all kick backs wre seen as private deposits. To such was added money received from bogus citizens and so the money was available for real estate etc and lavish living. Roy then had referrals from other miniters and soon his SAHARA wealth on paper was huge and the ministers through their cronies got back land and property and shares in Sahara Business and also the money was paid back to the Ministers through contracts of work done in various projects legitimizing the money flow to the minister. So tecchnically on paper sahara is expected to show one lakh thirty five thousand crore as assets. in fact it may have only 1000-2000 crores.So Tihar Jail.

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Prem Prakash
Re: the mechanism of sleaze
by Prem Prakash on Apr 05, 2014 12:02 PM
You mean, there is no investor in sahara and only by circulation of black money or only figures are on papers, 12 lac work force is earning their livelihood for the last 35 years . oh come on! be with realistic approach.

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baldev singh
Re: the mechanism of sleaze
by baldev singh on May 06, 2014 11:59 AM
U have highlighted the point urself.. sahara on paper and in reality are totally different, what with kickbacks, bogus deals, benami investoors etc.
Needs to see how sahara can come out of this mess !

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varghese
RICH CLASS!!!
by varghese on Apr 04, 2014 09:06 AM

Indian richies are those who were No-bodies till the time they were not hand picked by scamsters to do their dirty jobs...tell me a few honest richies of India who were somebodies before being hand picked by the Corrupt Netas/Babus..there are none..

who are the Idols of Indian Youth!!
----------The Scamsters------
The top rich and the top 100 Indian Richies are the most corrupt of India for they are hand in glove with the Netas.

If Sahara is being pulled down by the Govt like Satyam computers its simple it was raised by the Govt illegal support..
Now the same Govt brings it down..
If you notice Billions of dollars leave India each year to swiss banks and other safe havens in simple terms it means millions of Trucks of solid cash..we can cover the entire Indo-pak border with such trucks..yet the govt says nothing about the loot...
the loot is basically Indian money meant for basic infrastructure building,education,food,healt facilities for fellow Indians...but all this is diverted by such proxy companies,hawala entities,Dons,etc etc..
in short all the top buinessmen of India are actually Traitors worse than the East India company..


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abhay narayan
WHERE ARE INVESTORS?
by abhay narayan on Apr 02, 2014 10:06 PM

Sahara claims that they have repaid over Rs.17000 crores in cash. This fact is hard to believe and precisely therefore court ordering to deposit 20,000 crores in court. The actual investors in case of Sahara is less than 1000 crores which they can easily repay and ready to repay. This fact can be confirmed by the trailing statements of various readers in this column. All actual investors are backing Sahara as they never cheated any individual investor. It is the unaccounted money of over 17000 crores which is the real problem for Sahara. its matter of imagination from where the money must have come. Its good way of taking out unaccounted money found by Supreme Court. precisely therefore, there are no individual investors affected in case of Sahara.
But the sad story is, where real investors are duped, our system is not able to help investors. What court and banks doing for recovering money from cheaters like Kingfisher, Winsome Diamond and Zoom developers??
What steps Government is taking to recover common investors money blocked in NSEL scam?
Can Supreme Court act Suo-motu in these cases and punish the scamsters??

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Sameer Bhagwat
Polticians money
by Sameer Bhagwat on Apr 02, 2014 09:49 PM  | Hide replies

All politicians black money are in Sahara.

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mitesh kambli
Re: Polticians money
by mitesh kambli on Apr 03, 2014 01:57 AM
Mulayam Singh yadav is the first in queue i guess :).

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DO NOT JUMP INTO CONCLUSIONS AGAINST SAHARA
by on Apr 02, 2014 07:24 PM  | Hide replies

I HAVE BEEN INVESTING IN SAHARA SINCE 20 YEARS AND I RECEIVED PAYMENTS IN TIME FROM SAHARA. MEDIA ALWAYS JUMP INTO NEGATIVE CONCLUSIONS AGAINST ANY ONE OR COMPANY WITHOUT GOING INTO THE DETAILS. THIS IS NOT A SCAM AS MENTIONED BY MEDIA. THEY ARE NOT CONSIDERING THE FACTS. WHY THE ROC ACCEPTED THE CERTIFICATES FOR OFCD IN THE BEGINNING. IF THIS IS RIGHT THEN SAHARA IS ALSO RIGNT. IF ROC NOT GRANTED THE CERTIFICATE TO FLOAT OFCD THEN THIS SAHARA IS WRONG. SAHARA WAS GIVEN CERFICATES BY THE ROC AND OTHER GOVERNMENT BODIES. AFTER MODIFICATIONS OF THE ACTS THEN SAHARA BECAME WRONG. THIS IS A THE ACT OF GOVERNMENT. SEBI, RBI, UPA2 AND SUPREME COURT JUDGES ARE COLLUDED TO CREATE PROBLEMS TO SUBRATA ROY AND SAHARA. I DID NOT FIND ANY CUSTOMER WHO HAD GIVEN COMPLIANT AGAINST SAHARA. WHY THE DOCUMENTS GIVEN BY SAHARA NOT VERIFIED ON THE GROUND. IT IS TO BE NOTED THAT SEBI DO NOT WANT TO CLEAR THE CASE AND IT WANTS TO MAKE THIS CASE LIVE ONLY TO SAVE SEBI ITSELF AND UPA2. THIS HAPPENS IN ONLY INDIA.

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