The Enforcement Directorate (ED) has taken a decisive step in the Sahara India scam case, filing a chargesheet against the group and family members of its late founder, Subroto Roy. The case involves allegations of money laundering and defrauding investors with promises of high returns that never materialized.
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The Allegations
According to the ED, Sahara India built its reputation as a trusted name in small-town India, mobilizing lakhs of agents to attract investments from villages and cities alike. Investors were promised safety, security, and high returns. Instead, their money—estimated at a staggering ₹1.74 lakh crore—remains unpaid. The chargesheet alleges that this trust was systematically misused, making it one of the biggest financial scams in the country.
Family Members and Officials Named
The chargesheet, filed in Kolkata under the Prevention of Money Laundering Act (PMLA), lists Subroto Roy’s wife Sapna Roy, son Sushanto Roy, and senior officials including J.P. Verma and Anil Abraham as accused. ED sources state that the company funneled massive sums through fraudulent schemes, leaving investors across India in the lurch.
Next Moves: Arrest Warrant Likely
The ED has also targeted Subroto Roy’s son, Sushanto, labeling him as a fugitive for avoiding investigation. Authorities are preparing to seek a non-bailable warrant (NBW) against him. With Subroto Roy no longer alive, the spotlight is firmly on his family and associates, raising questions about accountability and justice for millions of defrauded investors.
A Scam That Shook India
The Sahara case is a stark reminder of how financial frauds exploit the dreams of common people. Villagers, small traders, and middle-class families invested their savings in hopes of building a secure future, only to see it vanish. For the ED, the chargesheet marks a significant step forward, but for the victims, justice still feels distant.