Subrata Roy Sahara has been arrested after surrendering to police in the city of Lucknow. The Supreme Court had ordered his arrest after he failed to appear before judges in a case of fraud. Two of his companies are accused of raising $3.9 billion using bonds that were later deemed to be illegal. He was ordered to refund the money but has failed to do so. He is expected to be in custody until at least March 4 when a new hearing is scheduled.
The arrest will not affect the team as it is believed to have its 2014 budget in place.