The third chapter of Hansal Mehta’s hit Scam franchise is on its way. Scam 2010: The Subrata Roy Saga released its first-look teaser on 2 November 2026, and the line on screen says it will be streaming this January on Sony LIV. After Scam 1992 (Harshad Mehta) and Scam 2003 (Abdul Karim Telgi), the new season turns to one of India’s most debated business stories: the rise of Sahara India Pariwar and its long legal battle with market regulator SEBI.
Scam 2010 release date
Sony LIV has given a January 2027 streaming window. No exact date has been announced yet. We will update this page as soon as the platform confirms it.
Scam 2010 cast
| Actor | Role | Status |
|---|---|---|
| Siddharth Bodke | Subrata Roy | Confirmed in Sony LIV’s first look |
| Kritika Singh | Swapna Roy (wife) | Reported by The Week and others |
| Moon Banerjee | Chhabi Roy (mother) | Reported |
| Aditya Srivastava | Not disclosed | Reported |
Siddharth Bodke is a Marathi television and film actor, known to Hindi audiences as David Braganza in Drishyam 2 (2022). Aditya Srivastava is best known as Senior Inspector Abhijeet in C.I.D.
Who is making Scam 2010?
- Showrunner and director: Hansal Mehta, who made Scam 1992 and was showrunner on Scam 2003.
- Co-director: Sumit Purohit, co-writer and editor of Scam 1992.
- Producers: Applause Entertainment and Birla Studios. The 2024 announcement named Studio Next as a partner.
- Source book: Sahara: The Untold Story by journalist Tamal Bandyopadhyay (2014).
Filming began in late May 2026 across Lucknow, Kanpur, Delhi, Mumbai and Dehradun, according to UNI. In the teaser, Mehta describes it as a story of ambition, influence and arrogance.
Who was Subrata Roy?
Subrata Roy was born on 10 June 1948 in Araria, Bihar, and studied mechanical engineering in Gorakhpur. In 1978 he started what became Sahara India Pariwar with a small savings business in Gorakhpur, collecting tiny daily deposits from people who had little access to banks. Over three decades Sahara grew into a group spanning finance, real estate, hotels, media, an airline and sports.
- Air Sahara, which began flying in 1993, was sold to Jet Airways in 2007 and became JetLite.
- Aamby Valley City, a large township near Pune, became a symbol of the group’s ambition.
- Sahara sponsored the Indian cricket team for over a decade and held a stake in the Force India Formula One team.
- It bought famous hotels abroad, including Grosvenor House in London and The Plaza in New York.
He died on 14 November 2023 in Mumbai, at the age of 75.
The Sahara-SEBI case in short
The case that the series takes its name from began around 2010. SEBI questioned how two Sahara companies had raised money from millions of small investors through optionally fully convertible debentures (OFCDs). In August 2012 the Supreme Court ordered the companies to refund more than ₹24,000 crore with interest, through SEBI. Sahara has always maintained that it had already repaid most investors directly.
In 2014 the Supreme Court ordered Subrata Roy’s detention for not appearing before it, and he spent around two years in Tihar Jail before being released on parole in 2016. The matter remained in court after his death. Separately, the government opened the CRCS-Sahara refund portal in 2023 to return money to depositors of four Sahara cooperative societies.
Sahara objected to the series
When the show was first announced in May 2024, Sahara India Pariwar called it an abusive and condemnable act and said the word scam in the title was defamatory, PTI reported. It said it was considering legal action. No court order stopping the series has been reported so far.
Why people are searching for Scam 2010
Scam 1992 became one of India’s most-watched streaming shows and made Harshad Mehta a household name again. Many viewers are now looking up the real people behind the new season: Subrata Roy, his wife Swapna Roy, his sons Sushanto and Seemanto, and how the Sahara story ended. We are publishing a series of explainers on each of them.
Questions to think about
- Should series based on real people wait until all court cases are fully settled?
- Can a drama be fair to both investors and the people it portrays?
- What lessons does the Sahara story hold for India’s small savers today?
