01 March 2014

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Ten Interesting Facts about Subrata Roy Police Keep him in Guest House

Ten Interesting Facts about Subrata Roy Police Keep him in Guest House

Sahara Group founder and Chairman Subrata Roy has been placed in police custody till March 4, and is being held in a guest house of the Uttar Pradesh forest department on the outskirts of Lucknow city.

Roy will be lodged in the government guest house -- Kukrail Picnic Spot -- situated about 15km from the city.

Roy was arrested yesterday after he evaded for two days a non-bailable warrant issued by the Supreme Court for his failure to appear before it in a case of non-refund of Rs 20,000 crore to investors.
He would be produced before the apex court on March 4.

The Kukrail guest house was built in 1974.

Kukrail picnic spot  is popular among locals and schoolchildren has been closed for public for three days as arrested Sahara India chief Subrata Roy has been kept at its guest house

Media reported that Roy had been provided all necessary facilities and he was served home-cooked food.

Hindustan times reported that a day after Subrata Roy was remanded in police custody in Kukrail, locals were shut out from the popular picnic spot even as the Sahara chief received a steady stream of family, friends and well-wishers with almost no restrictions imposed.

Times reported that till 5pm Saturday, close to 40 visitors had met with the 65-year-old head of the Rs 68,000-crore business group at the guest house

Poor citizens of India were denied entry 

Is it the standard procedure in India for every accused person who is arrested by police?

The company has given Sebi all the original payment vouchers, receipts and all other documents containing all details of esteemed investors — in more than 100 truckloads. Rest 20-30, truck load documents are lying in Mumbai godown and even though Sahara tried its best Sebi did not receive these documents," the Sahara Press Release Said


In olden times as per media reports Subrata Roy used to supply biscuits and 'namkeen' on his Lambretta scooter. The scooter now stands in a glass cubicle at the company's headquarters 'Sahara Bhawan' in Lucknow's Aliganj area as a reminder of the humble beginnings of the 'Saharashri'.

In those days State Bank in Gorakhpur at that time did not consider Subrata Roy worthy of a
Rs 5,000 loan to start his business

Initially Subrata Roy started a small chit-fund business in partnership in Gorakhpur.
Who were investors?
small investors, such as paan walas and rickshaw-pullers, who would save a rupee or two

February 2004 – Wedding of two sons of Subrata Roy
Bollywood superstars attended it
Prime Minister Atal Bihari Vajpayee also attended the twin weddings, estimated to have cost over
Rs 500 crore.
Roy hosted over 10,000 guests, most of whom were flown in on chartered flights.

Roy brought high-profile liaisoner Neera Radia to India from London.
She is said to have been instrumental in getting the licence for Sahara Airlines during the Narasimha Rao regime

He could as easily be spotted with Amar Singh, Mulayam Singh Yadav, Rajnath Singh and Anil Ambani

He could be seen with Shah Rukh Khan and Amitabh Bachhan,

Bollywood stars like SRK, Big B perform during gigs at his private auditorium at 'Sahara Shahar' in Lucknow

Reality views by sm –

Saturday, March 01, 2014

Tags – Sahara Subrata Roy Facts