Sahara India Pariwar’s Subrata Roy arrested

Subrata Roy, chairman of Sahara India Pariwar, Lucknow, India, was arrested after surrendering to police in Lucknow on Friday.

The arrest stems from an ongoing dispute over a US$3.9 billion refund to 22 million small investors, which Sahara disputes, saying its liability should be lower.

Roy is expected to be held until March 4 when he will appear before the Supreme Court.