Subrata, the owner of India's Sahara Company, was born in one of the poorest states in northern India. Although his family was a small landowner, they were not particularly well-off.
Subrata has been very interested in doing business since he was a child, but his previous business ventures, such as selling some food and electric fans, all ended in failure.
It was not until 1978 that he finally came to his senses and started a great cause - helping the poor make money.
Well, what he did was to sell a fund product to the poor, claiming that it could give a return of more than 300%!
The lives of the lower-class people in India are so hard that as long as there is a glimmer of hope that they can get rid of their current lives, they will not hesitate to bet everything.
Moreover, at that time, most banks in India only operated in cities, and the poor people in slums and remote towns had no place to save their money even if they had a small amount of savings.
And the literacy rate in India is extremely low, especially among the poor, few of them have ever been to school...
It was because of this that Subrata was able to confidently and boldly sell his business model to the poor in India.
To the poor people in India, this is not a scam at all, but an opportunity to change their destiny.
At first, in order to expand the business, Subrata rode his small motorcycle every day, traveling through the streets and alleys. The villagers were of course very curious about this new way of investment. Under his instigation, they all took out their savings. In this way, you contributed 10 yuan, I contributed 20 yuan, and Subrata raised a lot of funds.
In order to achieve rapid business development, Subrata began to recruit a team of agents to sell his "fund plan" to more low-income people through the agents.
With recommendations from acquaintances and attractive investment returns, agents can easily attract investment, and part of this investment becomes the agent's salary and commission.
In addition, Subrata often organizes investors to carry out collective activities.
Sometimes Subrata would come to these Indian people, care about their lives and help them solve some practical difficulties.
In 1992, Subrata invested in a primary school in a village in Gorakhpur.
At Subrata's request, many media reporters were present that day to record this moment.
Soon, Subrata's image among India's poor became increasingly positive.
Some poor people in India were so excited that they even shouted slogans such as "Long live Subrata".
In addition, Subrata once held a grand group wedding for dozens of Indian men and women who were unable to get married due to poverty.
Just like the previous investment donation event, Subrata invited a large number of media reporters to the wedding.
After accepting Subrata's banquet, these journalists wrote a large number of press releases praising Subrata.
Suddenly, Subrata became a hot business figure in India.
Although Subrata's wealth was not as great as that of Ambani, the richest man in India at the time, his reputation could not be underestimated.
Subrata's series of actions made him become "one of our own" in the hearts of the poor people in India.
Many Indian people feel that if they work on projects with Subrata, he and his company will definitely not treat them unfairly.
It is precisely because Subrata grasped the mentality of the grassroots people in India that he was able to make his investment business flourish.
In order to gain everyone's trust, Subrata manages the company in a family style. All agents and investors are affectionately called family members by him. Through charity, he builds his perfect persona among the poor. He himself is like the patriarch of this family. No matter where he goes, he is sought after and worshipped by everyone.
Under this model, Subrata's business scale continued to grow. In 1997, the Sahara Group's capital scale reached 1 billion US dollars, and the number of employees reached an astonishing hundreds of thousands.
It is obvious that what Subrata was running was a large-scale "Ponzi scheme", and the operation of calling his own leeks "family" is familiar to you?
Later, China's pyramid schemes and WeChat businesses were all left over by Subrata...
In 2000, he directly established the Sahara Group.
Subrata used the raised money to invest heavily in India's real estate and electronics industries, which enabled him to accumulate astonishing wealth in a short period of time.
Because Subrata had an extraordinary talent for interpersonal communication, he quickly became a leader in the Indian business world.
At any given time, Subrata always has a few deals that are sure to make a profit.
He founded the "Sahara TV Station" and also bought many newspapers, mastering the tools of propaganda and public opinion to stand up for the Sahara Group.
It is now 2003. Although the Sahara Group has already gained great popularity in India, it is not so well-known in the world. Later, the creator of "India's largest Ponzi scheme" will also make a big acquisition of the Grosvenor House Hotel in London - this hotel previously belonged to Barron's old acquaintance, the Duke of Westminster, and is one of London's landmark buildings.
Not only that, he also spent a huge amount of money to acquire the Dream City Center Hotel in New York.
At that time, his actions began to make him famous in front of people all over the world.
After hearing the plan mentioned by Alia, I couldn't help but laugh and cry. I knew that they originally wanted to cooperate with the "Raphael" organization and target the "fraud" on the Sahara Company in India.
To defraud the largest "Ponzi scheme" company in India?
For a moment, he actually let the other party go to see if they would succeed in the end...
Of course, this is impossible. After all, as the "Raphael" organization has violated the Devonshire family, Barron must eliminate it in order to maintain the dignity of the family.
As for Sahara Company?
To be honest, Barron didn't care about them. After all, although Subrata had "earned" billions of dollars, the other party was in India and could not affect him. In addition, Barron's own wealth was not lower than that of the other party. There was no need for him to get involved in the affairs of Sahara Company. After all, this company would be targeted by the Indian government in the future...
Barron will still keep Alia under custody and first investigate the details of what she said to determine whether she is lying.
Her greatest value in the future may be to help him find all the "Raphael" members.
After all, according to her, she had the most contact with another core member of "Raphael" before, and this time she had just gone to meet Soslan to discuss the follow-up plan, but she didn't expect to be "stolen" by the special operations team.
Barron admitted that Alia was extremely beautiful, and as a Middle Eastern beauty with Arab ancestry, she was more in line with Barron's aesthetic than many European and American women.
But in the final analysis, he could vaguely feel that there were still many secrets about Alia, so he naturally would not take any risks. No matter how attractive she was, he would not easily keep her by his side.
Her future fate will be decided only after confirming the truth of what Alia said.
At present, not all of "Raphael" have been arrested, and the person behind Alia and her "adoptive father", Louis Lafayette, are probably not ordinary people, so Barron will be more careful.
Although he is no longer afraid of those hidden forces, it does not mean that he is willing to be harassed by them all day long.