Sahara India chief among 19 booked for Rs 57L cheating

Vadodara | Monday | 19th November, 2018

Summary:

However, they were informed by local managers to divert their investments in Sahara Credit Cooperative Limited. Attracted by the returns, 84 citizens invested over Rs 57 lakh in July 2012. Vadodara: Beleagured Sahara India chairman Subroto Roy and 18 others were booked by the Vadodara crime branch for cheating 84 citizens of over Rs 57 lakh.Three local managers of Roy’s company – Sahara Q Shop Unique Product Limited – were arrested on Sunday for their involvement in the cheating. The trio has been identified as Surendrasinh Solanki, Balvantsinh Rajput and Zuber Patel.Sahara Q Shop, which was floated by Sahara India in 2011, had accepted investments starting with Rs 12,500 from citizens. Police said that the Sahara India had conducted a countrywide advertisement blitzkrieg in newspapers and televisions against adulteration at the time of starting the company..