In the 1990s and 2000s, Subrata Roy, founder of the Sahara Group, enjoyed fame for his rags-to-riches tale. However, allegations of running a Ponzi-like scheme tarnished his image in the 2010s. Accused of duping millions, Roy faced legal battles, serving jail time until his death on November 14 at 75. Once hailed as a rich Robin Hood, Sahara’s success was questioned as funds meant for the masses benefited Roy’s wealthy associates. From owning a Formula One team to legal troubles and a stint in jail, Roy’s story is a cautionary tale of highs, lows, and a silent demise.
From Rags to Riches and Back: The Rise and Fall of India’s Once Celebrated Entrepreneur, Subrata Roy
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