Sahara Group chief Subrata Roy dies of cardiorespiratory arrest

Sahara Group chief Subrata Roy died due to a cardiorespiratory arrest at a private hospital in Mumbai on Tuesday after a prolonged illness, according to a company statement. He was 75.

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He is survived by his wife Swapna Roy and two sons, Sushanto Roy and Seemanto Roy, who live abroad

Having created a huge business empire across retail, real estate, and financial services sectors, Roy was at the centre of a huge controversy and faced multiple regulatory and legal battles in connection with his group firms that were accused of circumventing regulations with Ponzi schemes, allegations his group always denied.

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According to the company statement, he was admitted to the Kokilaben Dhirubhai Ambani Hospital & Medical Research Institute in Mumbai on Sunday after his health deteriorated.

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