Sahara's sahara

Last week’s Supreme Court order asking Sahara Group to repay Rs 27,000 crore to investors from whom it raised money through a hybrid financial instrument has caused a flutter in Mumbai’s Page 3 circles. Not because they were large investors in the scheme, but because Subrata Roy, the group’s promoter who quirkily calls himself “managing employee”, was a regular fixture in these circles. Despite this, they know as little as pretty much anybody else about this secretive group. So much so that everybody is wondering who will be Sahara’s sahara (protector) in its current predicament.