A dozen Saharas
As regulators try to contain one of India's most spectacular investment scandals, dozens of smaller but similar schemes continue to mushroom, employing tactics similar to the ones that enriched the Sahara Group and later brought it to its knees.
Sahara began as a scheme for small depositors, but it grew over decades with investment plans that critics say were designed to avoid regulatory scrutiny.
At its height, it was one of India's biggest business empires, stretching from Formula One motor racing to New York's Plaza Hotel.
Now its boss is in jail for more than a year and some staff say much of its business is threatening to stall, after it raised billions of dollars from investors by selling bonds that were ruled to be illegal.
Patchy oversight in India means countless illegal investment schemes continue to emerge, however, often in the villages.
Text: Sumeet Chatterjee and Aditi Shah, Reuters
Image: Sahara Group Chairman Subrata Roy with his employees in happier times.
Image courtesy: Reuters