Subrata Roy, the founder of Sahara, a once prominent conglomerate in India, has passed away at the age of 75. He died in a Mumbai hospital after battling complications from cancer, hypertension, and diabetes. Roy, who was admitted to the hospital on Sunday, was regarded as a guiding force and source of inspiration within the Sahara India Pariwar group. Established in 1978, Sahara operated in various sectors such as real estate, banking, manufacturing, and media. It was previously the largest private sector employer in India and had notable sponsorships and investments in cricket, Formula One, and luxury hotels. Despite his association with India's elite, Roy was embroiled in controversy and faced legal challenges from the Securities and Exchange Board of India over the repayment of funds to investors. He was arrested in 2014 but has been on bail since 2016. Roy's life and legal battles were featured in the Netflix docuseries "Bad Boy Billionaires." Tributes for Roy have poured in on social media since news of his death broke. He is survived by his wife and two children.
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