Ink thrown at Indian businessman accused of fraud

By The Associated Press | Posted - Mar. 4, 2014 at 2:00 a.m.



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NEW DELHI (AP) — A lawyer threw ink a top Indian businessman as he arrived at India's highest court to face charges that his company failed to return billions of dollars to investors.

Tycoon Subrata Roy along with scores of police and security guards was entering the Supreme Court building Tuesday when the lawyer threw black ink at him.

Roy's Sahara conglomerate is well known throughout India because it is a co-owner of a Formula One team and sponsored the Indian cricket team until recently.

India's securities regulator has accused Roy's group of raising nearly 200 billion rupees ($3.2 billion) through bonds that were later found to be illegal.

Anger against Roy has been growing as millions of poor Indians lost their life savings after investing in the bonds.

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The Associated Press

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