ED arrests Sahara Group top director in money laundering case
The Statesman | 21 November 2025
The Enforcement Directorate (ED) on Thursday arrested Sahara Group director O P Srivastava in an alleged money laundering case of Rs 1,79,000, official sources said.
The official has been accused of cheating the investors and diverting funds into shell companies, the sources said.
Srivastava, Sahara Commercial Corporation director, was summoned by the ED at its CGO Complex in Salt Lake here this morning, and arrested in the evening after a marathon interrogation, sources said.
They said the accused was arrested after he “tried to mislead the federal agency” during interrogation regarding various Ponzi firms of the Sahara Group and cheating the investors of about Rs 1,79,000 crore in the money laundering case.
The sources described Srivasata as a key man and “decision-making” director of the Sahara Group after the death of the founder Subrata Roy and was involved in the clandestine selling of properties of the organisation.
Srivastava recently came under the ED’s scanner after the agency seized 707 acres of land and his name cropped up during an in-depth probe, sources said.