Pay back investors Rs 375 cr: UK court

January 14, 2016 15:03

Indian-origin tycoon Ketan Somaia was yesterday ordered to pay back a record 38.6 million (around Rs 375 crore) and called "a formidable and serial fraudsman on a truly Olympian scale" by an Old Bailey judge in London.

But in his heyday, before he was rumbled as a con artist, Somaia built up his credibility by posting photographs of himself, sometimes with his wife Alka, with Subhash Ghai, Rakesh Roshan, Rishi Kapoor, Anupam Kher, Randhir Kapoor, Salman Khan and other Bollywood actors.

Somaia, 53, who was born in Kenya and became a resident of the UK in 2009, managed to get a photograph of himself with the spiritual leader Pramukh Swami in Ahmedabad. Read

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