The Traderszone Network

Published in TZ Latest News 18 February, 2015 by The TZ Newswire Staff

Exclusive: U.S. authorities probe alleged forged letter from Mirach in Sahara deal

SAN FRANCISCO/NEW YORK (Reuters) – Federal authorities in San Francisco are probing U.S.-based Mirach Capital Group, two sources familiar with the situation told Reuters, amid allegations that the group gave a forged bank letter to Indian conglomerate Sahara as part of financing negotiations. Sahara had sought to borrow more than $1 billion from Mirach to help bail its chairman, Subrata Roy, out of jail in New Delhi. The Indian company negotiated for funds with Mirach, a group set up by former broker Saransh Sharma, who lives in Northern California.

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