To give some background on this case. He was barred from entering into equity markets in India as market regulator could not get a good idea of how he made his

To give some background on this case. He was barred from entering into equity markets in India as market regulator could not get a good idea of how he made his money. Basically his business is taking money from un-organized retailers on a daily basis and putting into some kind of investments to give them returns. When he was barred he floated a sort of an IPO without getting market in the picture. He issued debentures to millions when a private placement can be made to maximum 50 people in this country. Any more and you have to go public route. Therefore this issue was deemed illegal. He raised more than 4.5 billion dollars in this exercise. He bought these properties using the investor money. Sahara built a few luxury townships. When matter went to courts, he was asked to return the money to investors. It seems that so far he has returned a big chuck of it to investors. To get a bail he has to deposit $1.6 billion with the market regulator as that is the amount pending with investors.