Sahara: Beginning of the endgame?

India’s capital market regulator and Subrata Roy Sahara are at war with each other. Sahara’s managing worker and chairman has stepped up his offensive against the regulator, which asked the Supreme Court on 15 March that he be detained for allegedly flouting its directions. (The company handouts refer to the man as Saharasri and Subrata Roy Sahara.) As chief of Sahara India Pariwar, Roy presides over a Lucknow-based business conglomerate that has at least 4,100 establishments in its fold and Rs.1.18 trillion in assets...

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