{"id":581233,"date":"2014-02-28T14:55:14","date_gmt":"2014-02-28T06:55:14","guid":{"rendered":"https:\/\/newsinfo.inquirer.net\/?p=581233"},"modified":"2014-02-28T14:55:14","modified_gmt":"2014-02-28T06:55:14","slug":"top-indian-businessman-surrenders-in-fraud-case","status":"publish","type":"post","link":"https:\/\/newsinfo.inquirer.net\/581233\/top-indian-businessman-surrenders-in-fraud-case","title":{"rendered":"Top Indian businessman surrenders in fraud case"},"content":{"rendered":"<p>NEW DELHI\u2014A top Indian businessman has surrendered to police after failing to show up in court on charges that his company failed to return billions of dollars to investors.<\/p>\n<p>The Indian Supreme Court issued an arrest warrant for Sahara India Chief Subrata Roy after he was a no-show in court Tuesday.<\/p>\n<p>Sahara is well-known throughout India because it sponsors the Indian cricket team.<\/p>\n<p>Roy turned himself in on Friday in Lucknow and said he missed the court date because his mother was ill, according to his son and a company director.<\/p>\n<p>The Indian securities regulator has accused Roy&#8217;s group of raising nearly 200 billion rupees ($3.2 billion) through bonds that were later found to be illegal.<\/p>\n<p>Sahara India says it already has paid many investors directly.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A top Indian businessman has surrendered to police after failing to show up in court on charges that his company failed to return billions of dollars to investors.<\/p>\n","protected":false},"author":35,"featured_media":420553,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[34,43],"tags":[126021,89,959,4803,91],"byline":[],"source":[206067],"column":[],"editor":[],"videographer":[],"position":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.3 (Yoast SEO v24.3) - 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