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US authorities probe alleged forged letter from Mirach in Sahara deal

Sahara had sought to borrow more than $1 billion from Mirach to help bail its chairman, Subrata Roy, out of jail in New Delhi.

Mirach fiasco: Sahara initiates legal action; eyes new deal

Accusing Mirach Capital of "cheating and forgery" in the failed USD 2.05 billion loan arrangement, Sahara today said it has initiated legal action against the US-based firm and it is now working on a new deal to raise funds to secure bail for its chief Subrata Roy.

Mirach calls off Sahara loan deal, returns fees

The Court had given time till February 20 for the deal, but it fell apart after Bank of America disclosed that it was not involved in the deal as was being claimed.