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The popular Indian web series franchise Scam is returning with another story based on one of India’s biggest financial controversies. After exploring the stock market scandal involving Harshad Mehta and the counterfeit stamp paper scam led by Abdul Karim Telgi, filmmaker Hansal Mehta is bringing the story of Sahara Group founder Subrata Roy to the screen.
Titled Scam 2010: The Subrata Roy Saga, the upcoming web series will explore the rise of the Sahara business empire, its financial controversies, and the legal battles that changed the course of Subrata Roy’s life. The first-look teaser was released on November 2, 2026, introducing Siddharth Bodke in the lead role.
The series is scheduled to premiere in January 2027 on Sony LIV. With a story involving business ambition, investor trust, financial regulations, and a major corporate controversy, Scam 2010 is expected to attract viewers interested in real-life financial stories.
Scam 2010 Release Date and OTT Platform
Scam 2010: The Subrata Roy Saga will premiere on Sony LIV in January 2027. The streaming platform officially announced the upcoming series through its first-look teaser, confirming that the Scam franchise is returning for another instalment.
The series is produced by Applause Entertainment and Birla Studios, with Hansal Mehta returning as director. The upcoming season will continue the franchise’s focus on major financial scandals that shaped India’s business and economic landscape.
Here are the key details about Scam 2010:
| Detail | Information |
|---|---|
| Web Series | Scam 2010: The Subrata Roy Saga |
| Release Date | January 2027 |
| OTT Platform | Sony LIV |
| Director | Hansal Mehta |
| Lead Actor | Siddharth Bodke |
| Story Based On | Subrata Roy and Sahara Group |
| Source Material | Sahara: The Untold Story |
| Author | Tamal Bandyopadhyay |
| Production Houses | Applause Entertainment and Birla Studios |
| Genre | Biography, Crime, Financial Drama |
The makers have confirmed the January 2027 streaming window, although an exact premiere date has not yet been announced.
Scam 2010 Cast: Who Plays Subrata Roy?
Actor Siddharth Bodke will portray Subrata Roy in the upcoming series. The first-look teaser offers a glimpse of his transformation into the businessman, showing him walking through a hotel lobby while speaking about the trust people placed in the Sahara organisation.
Siddharth Bodke is known for his work in Indian television and films, including Drishyam 2. His role in Scam 2010 marks an important opportunity to portray a real-life business personality whose journey involved both extraordinary success and serious financial controversies.
The reported supporting cast includes Kritika Singh as Swapna Roy, Moon Banerjee as Chhabi Roy, and Aditya Srivastava. Sumit Purohit is also associated with the project as co-director.
The casting is particularly important because the series will need to portray different stages of Subrata Roy’s life, from his early business ventures to the period when Sahara became a major corporate group.
Hansal Mehta has previously worked with actors who delivered memorable performances in the earlier Scam seasons. Siddharth Bodke’s portrayal of Roy will therefore be closely watched by audiences familiar with the franchise.
What Is Scam 2010 About?
Scam 2010 will explore the rise and controversies of Subrata Roy, the founder of Sahara India Pariwar. The series is based on journalist Tamal Bandyopadhyay’s book Sahara: The Untold Story, which examines the business empire and the financial disputes surrounding it.
The story is expected to follow Roy’s journey from his early business ventures in Uttar Pradesh to the creation of one of India’s most recognised business groups.
Sahara expanded into several industries, including finance, real estate, hospitality, media, and entertainment. The company also became associated with major sporting events and high-profile business investments.
However, the group’s growth was followed by a long-running dispute involving investor funds and financial regulations. The controversy eventually brought Sahara into conflict with the Securities and Exchange Board of India (SEBI), leading to a major legal battle.
Scam 2010 will bring this complicated business story to the screen, exploring the ambition behind Sahara’s growth and the consequences of the financial controversy.
The series is not simply about the creation of a business empire. It also examines the relationship between business leaders, investors, financial institutions, and regulatory authorities.
Who Was Subrata Roy? The Man Behind Sahara India Pariwar
Subrata Roy was one of India’s most prominent business personalities. He founded Sahara India Pariwar, a business group that expanded into multiple sectors and became widely recognised across the country.
Born on June 10, 1948, Roy began his entrepreneurial journey with small business activities before building Sahara into a large organisation. The company’s business model involved collecting small savings from individuals, particularly people who had limited access to traditional banking services.
Over the years, Sahara expanded its operations and developed a strong presence in different industries. The group became known for its large workforce, extensive business network, and high-profile investments.
Roy also developed a distinctive public image. He was associated with major sporting events, celebrity gatherings, luxury properties, and large corporate celebrations.
At its peak, Sahara was a widely recognised name in India. However, the financial controversy involving its fundraising activities eventually overshadowed much of the company’s business success.
Subrata Roy died on November 14, 2023, but the legal and financial questions surrounding Sahara continued to attract public attention. His life and the rise and fall of the business empire remain an important part of India’s corporate history.
The Sahara Group: From Small Savings to a Business Empire
Sahara’s growth was one of the most remarkable corporate stories in India. The company developed a business model that focused on collecting small deposits from individuals across different parts of the country.
Many of these individuals were from communities where access to formal banking services was limited. Sahara’s network of agents helped the company reach customers in towns, villages, and smaller cities.
As the organisation expanded, it entered several other sectors.
The Sahara Group became involved in real estate, hospitality, media, entertainment, and aviation. It also gained attention through its association with Indian cricket and other sporting events.
Some of the group’s most prominent business interests included:
- Financial services and savings-related activities
- Real estate and property development
- Hospitality and luxury hotels
- Media and entertainment
- Aviation and corporate investments
- Sports sponsorships
Sahara’s expansion helped establish Subrata Roy as a major business personality. However, the company’s financial activities also attracted increasing attention from regulators.
The contrast between the group’s impressive growth and the controversy surrounding its fundraising activities forms the central background of Scam 2010.
What Was the Sahara Scam? Understanding the Financial Controversy
The Sahara controversy involved the fundraising activities of two Sahara companies: Sahara India Real Estate Corporation and Sahara Housing Investment Corporation.
The companies raised money through financial instruments known as Optionally Fully Convertible Debentures (OFCDs).
An OFCD is a financial instrument that may be converted into shares under specified conditions. These instruments can be used by companies to raise funds from investors.
However, the fundraising activities of the Sahara companies became the subject of a major dispute with SEBI.
The regulator questioned whether the companies had followed the required rules while raising money from investors. The dispute focused on the nature of the fundraising, the number of investors involved, and the regulatory requirements applicable to the companies.
Sahara argued that its fundraising activities were private placements and challenged SEBI’s authority over the matter.
The dispute eventually reached the Supreme Court of India, resulting in a long-running legal battle involving investor funds and repayment obligations.
The controversy became one of the most widely discussed financial disputes in India’s corporate history.
Scam 2010 is expected to explore this complex situation and explain how the financial controversy developed over time.
How the Sahara Controversy Changed Subrata Roy’s Life
The legal dispute involving Sahara became a turning point in Subrata Roy’s life.
The controversy brought increased scrutiny to the group’s financial activities and raised questions about the management of investor funds.
The Supreme Court directed Sahara to comply with repayment-related orders. The dispute continued for years, involving multiple legal proceedings and attempts to resolve the financial obligations.
Subrata Roy was arrested in 2014 in connection with the legal proceedings after Sahara failed to comply with the court’s directions.
The case became a major subject of public discussion because of the size of the financial dispute and the number of investors involved.
The legal battle also affected Sahara’s business operations and public image. The company that had once been associated with large corporate investments and sporting sponsorships faced increasing financial and legal pressure.
Roy’s life changed dramatically as the controversy developed, making the Sahara story a compelling subject for a financial drama.
The upcoming series is expected to explore the contrast between Roy’s earlier success and the challenges that followed.
Scam 2010 vs Scam 1992 and Scam 2003
The Scam franchise has become one of India’s recognised web series collections based on real-life financial controversies.
Each instalment focuses on a different business personality and a major financial scandal.
The first season, Scam 1992: The Harshad Mehta Story, explored the stock market scandal involving stockbroker Harshad Mehta. Released in 2020, the series featured Pratik Gandhi in the lead role.
The second season, Scam 2003: The Telgi Story, explored the counterfeit stamp paper scam involving Abdul Karim Telgi. The series featured Gagan Dev Riar in the lead role.
Scam 2010 will focus on Subrata Roy and the Sahara Group’s financial controversy.
| Web Series | Main Personality | Subject |
|---|---|---|
| Scam 1992 | Harshad Mehta | Stock market scandal |
| Scam 2003 | Abdul Karim Telgi | Counterfeit stamp paper scam |
| Scam 2010 | Subrata Roy | Sahara Group financial controversy |
The upcoming season continues the franchise’s approach of presenting real-life financial events through a combination of business history, personal stories, and legal developments.
Why Scam 2010 Is One of the Most Anticipated Indian Web Series
The announcement of Scam 2010 has generated interest among viewers who followed the earlier seasons.
One reason is the popularity of the Scam franchise. Scam 1992 became widely recognised for its storytelling and Pratik Gandhi’s performance as Harshad Mehta. Scam 2003 continued the franchise with another major financial controversy.
The story of Subrata Roy also offers a different perspective on India’s business history.
Unlike a stock market scandal or a counterfeit currency-related case, the Sahara story involves a large business group that operated across multiple industries.
The series has the opportunity to explore the relationship between corporate ambition, public trust, financial regulation, and the responsibilities of businesses that collect money from investors.
Another important factor is Hansal Mehta’s return to the franchise. His earlier work established a distinctive style for presenting complicated financial events in a way that general audiences could understand.
The combination of a real-life business story, a recognised filmmaker, and the popularity of the earlier seasons makes Scam 2010 an important upcoming OTT release.
The series may also encourage viewers to learn more about the Sahara controversy and the financial regulations that govern fundraising activities in India.
Scam 2010 Trailer and First-Look Teaser
Sony LIV released the first-look teaser of Scam 2010 on November 2, 2026.
The teaser connects the upcoming season with the earlier instalments of the franchise. It begins with references to Scam 1992 and Scam 2003 before introducing Siddharth Bodke as Subrata Roy.
The promotional video gives viewers a glimpse of Bodke’s character and the atmosphere of the upcoming series.
The teaser also highlights the importance of trust in the Sahara business model. Roy’s character speaks about the confidence people placed in the organisation, setting the tone for a story involving business growth and financial controversy.
The promotional material suggests that the upcoming season will focus on more than just the financial aspects of the case.
The makers have described the series as a story involving ambition, influence, and the consequences of success.
Final Thoughts
Scam 2010: The Subrata Roy Saga is shaping up to be an important addition to India’s real-life financial drama genre.
The series will explore the journey of Subrata Roy, the rise of Sahara India Pariwar, and the financial controversy that eventually brought the business group under intense regulatory and legal scrutiny.
With Siddharth Bodke portraying Subrata Roy and Hansal Mehta returning as director, the upcoming season has the potential to deliver another engaging story from India’s corporate history.
The series is scheduled to premiere in January 2027 on Sony LIV. Viewers interested in business stories, financial controversies, and real-life crime dramas will have another major OTT release to look forward to.
The central question remains how the series will present the complex relationship between Sahara’s business success, investor trust, and the legal battle that changed Subrata Roy’s life.
FAQs
When will Scam 2010 be released?
Scam 2010: The Subrata Roy Saga is scheduled to premiere in January 2027. The exact release date has not yet been announced.
Where can I watch Scam 2010 online?
The upcoming series will stream on Sony LIV. It is the third instalment in Hansal Mehta’s Scam franchise.
Who plays Subrata Roy in Scam 2010?
Actor Siddharth Bodke will portray Subrata Roy, the founder of Sahara India Pariwar.
Is Scam 2010 based on a true story?
Yes. The series is based on the real-life story of Subrata Roy and the financial controversies surrounding Sahara Group. It draws inspiration from journalist Tamal Bandyopadhyay’s book Sahara: The Untold Story.
Who is directing Scam 2010?
Hansal Mehta is directing the upcoming series. He previously directed Scam 1992: The Harshad Mehta Story and returns to the franchise for its third instalment.
What is the Sahara scam about?
The Sahara controversy involved fundraising activities by two Sahara companies through Optionally Fully Convertible Debentures. The fundraising became the subject of a major legal dispute with SEBI and eventually led to proceedings before the Supreme Court of India.
Is Scam 2010 a sequel to Scam 1992?
Scam 2010 is the third instalment in the Scam anthology. Like the earlier seasons, it focuses on a different real-life financial controversy rather than continuing the same story.
