Indian Billionaire Subrata Roy Passes Away at 75
On November 15, 2023, it was announced that Indian billionaire Subrata Roy had passed away at the age of 75. The news of his death was confirmed by Gulf Today, a reputable news source.
Subrata Roy was a well-known figure in the business world, often referred to as a “bad boy” due to his controversial business practices. He was the founder and chairman of the Sahara India Pariwar conglomerate, which had interests in various sectors including real estate, media, and hospitality.
Throughout his career, Subrata Roy faced numerous legal battles and controversies. In 2014, he was arrested by the Securities and Exchange Board of India (SEBI) for failing to comply with a court order to refund billions of dollars to investors. He spent over two years in jail before being released on parole.
Despite his controversial reputation, Subrata Roy was also known for his philanthropic efforts. He established the Sahara India Foundation, which focused on initiatives in education, healthcare, and sports.
The death of Subrata Roy marks the end of an era in the Indian business world. His legacy, both positive and negative, will be remembered for years to come.
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Source : @gulftoday
‘Bad Boy’ Indian billionaire Subrata Roy dies at 75 https://t.co/94RN9t7WQG
— Gulf Today (@gulftoday) November 15, 2023