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India Sahara chief Subrata Roy arrested

One of India's most flamboyant tycoons, Subrata Roy, has been arrested after he surrendered to the police.

_73226490_73226040 The Supreme Court had ordered the arrest of the Sahara group chief on Wednesday after he failed to appear before judges in a case of fraud. Two Sahara firms are accused of raising 240bn rupees ($3.9bn; £2.3bn) through bonds that were found to be illegal. Market regulators say Mr Roy failed to refund the money to millions of investors despite a court order. He is expected t...

Dollar rallies in Asia after US jobs data sell-off

The dollar turned higher in Asia today after suffering a sell-off in the previous two sessions following an unexpectedly weak set of US jobs data. The greenback changed hands at 103.37 yen in Tokyo morning trade, up from 102.98 yen in New York Monday afternoon, but still well down from levels near 105 yen in Asia last week, reports AFP. The euro bought 141.24 yen and $1.3657, against 140.77 yen and $1.3670 in US trade. dollarThe dollar plunged the US Labor Department said Friday that the world’...
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