Sahara India employees form union, threaten hunger strike | Mint
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Business News/ Companies / Sahara India employees form union, threaten hunger strike
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Sahara India employees form union, threaten hunger strike

Move comes as employees press for the payment of delayed salaries

A file photo of Sahara chief Subrata Roy. Photo: HTPremium
A file photo of Sahara chief Subrata Roy. Photo: HT

Mumbai: Some employees of Sahara Group have formed a union and are threatening a relay hunger strike to press for the payment of delayed salaries. The employees union was formed under the name Sahara India Kamgar Sanghatna (SIKS).

A Sahara Group spokesperson declined to comment on the development.

In an unsigned statement on Monday, the union said the workers were being forced to start a relay hunger strike because the company is yet to release salaries despite repeated requests.

Sahara chief Subrata Roy and two directors, Ravi Shankar Dubey and Ashok Roy Choudhary, have been in Tihar jail since 4 March last year for failing to comply with an undertaking given to the court that investors who bought securities sold by two group companies would be refunded. The market regulator ruled that the sale of securities was illegal.

The court on 26 March 2014 set bail of 10,000 crore to release the three Sahara executives

Sahara has filed a defamation case in a Patna court against Mint’s editor and some reporters over the newspaper’s coverage of the company’s dispute with the Securities and Exchange Board of India. Mint is contesting the case.

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Published: 14 Sep 2015, 10:43 PM IST
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