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Indian Businessman Scrambles to Raise $1.6 Billion Bail

An Indian businessman jailed for failing to repay investors in an illegal bond scheme is scrambling to raise a whopping $1.6 billion dollar bail. Many questions swirl around the scheme that first fueled his meteoric rise and then brought his fortunes tumbling down.   Just a year ago, the flamboyant Subrata Roy, 66, lived on a sprawling 300-acre estate in the northern Lucknow city and ran a business empire that included real estate, hotels, television channels, and a Formula One racing...

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