• Sahara looks to sell

London’s Grosvenor House hotel, the New York Plaza and Dream Downtown could all be sold by embattled Indian owner the Sahara group. Potential buyers including Kuwaiti investment bank GIH have been approached by brokers, reports the London Times.

Sahara chairman Subrata Roy is being held in an Indian prison, accused of failing to repay small investors who bought into an illegal saving scheme. The courts have demanded Sahara deposits USD1bn in cash or bank guarantees, in order to secure Roy’s release.

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