Ranchi: Jharkhand- In a major development in the ₹400-crore land fraud case linked to the Sahara Group, the Jharkhand Crime Investigation Department (CID) has filed a chargesheet naming the late Subrata Roy’s sons — Seemanto Roy and Sushanto Roy, his wife Swapna Roy, and several top executives of the group.
According to CID officials, both Seemanto and Sushanto Roy are currently living in North Macedonia, where they have acquired citizenship. The agency has now initiated the process of seeking Interpol Red Corner Notices through the CBI to bring them back to India for trial.
Extradition through CBI and Interpol coordination
Senior officials said that the extradition process could be complicated, as India and North Macedonia have no formal extradition treaty. Despite this, the CID has begun compiling a detailed dossier of the accused — including financial trails, property documents, and corporate transactions — which will soon be sent to the Central Bureau of Investigation (CBI) for further action.
“All the necessary records and evidence have been collected. The case file is being forwarded to the CBI so that international legal procedures can begin,” a senior CID officer told.
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Raids in Lucknow; key accused still absconding
The chargesheet also names Om Prakash Srivastava, Devendra Kumar Srivastava, Neeraj Kumar Pal, Sundar Jha, and Sanjiv Kumar among others. They are accused of collecting massive sums from investors under fraudulent cooperative and real estate schemes linked to the Sahara network.
A CID team recently raided multiple locations in Lucknow, but failed to arrest the key accused. Officials said more coordinated raids could follow in the coming weeks.
Case registered in November 2024
The case was originally registered at the CID Police Station in Jharkhand on November 30, 2024, naming several Sahara-linked entities, including:
- Sahara India Credit Cooperative Society Ltd.
- Sahara Universal Multipurpose Society Ltd.
- Hamara India Credit Cooperative Society Ltd.
- Sahara Q Shop Unique Products Range Ltd.
- Sahara Q Shop East Sahara India Commercial Cooperative Ltd.
Investigators allege these companies were used to run fraudulent land investment and cooperative schemes, siphoning off hundreds of crores from investors across India.
Authorities preparing full dossier for CBI
Officials confirmed that a comprehensive dossier is being finalized for the CBI to facilitate Red Corner Notices and eventual extradition. The document will include details of financial misappropriation, cross-border investments, and the network of shell firms used to divert investors’ money.
Sahara’s long trail of financial controversies
The Sahara Group has a long history of regulatory and financial disputes. Its founder, the late Subrata Roy Sahara, faced multiple investigations — including the SEBI bond refund case involving billions of rupees collected from small investors.
The current ₹400-crore land scam adds yet another chapter to the group’s long-running saga of legal troubles.
