Filmmaker Hansal Mehta has officially expanded his critically acclaimed anthology franchise, releasing the first look of Scam 2010 on Monday. Slated to premiere on Sony LIV in January 2027, the third instalment shifts its lens from stock market manipulation and stamp paper counterfeiting to one of India’s most polarizing corporate sagas: the rise and fall of Sahara Group founder Subrata Roy.
Backed jointly by Birla Studios and Applause Entertainment, the series is adapted from veteran journalist Tamal Bandyopadhyay’s gripping investigative book, Sahara: The Untold Story. Rising star Siddharth Bodke will anchor the project in the titular lead role, portraying the multi-layered trajectory of a business tycoon who built an empire before running into massive regulatory walls.
Tracing the Empire: From Small Savings to Regulatory Storms
Scam 2010 will meticulously chronicle how Subrata Roy mobilized small savings schemes across India’s heartlands to construct the colossal Sahara India Pariwar empire. However, the narrative will dive deep into the subsequent financial controversies, relentless regulatory scrutiny from market watchdogs like SEBI, and landmark legal battles that ultimately precipitated his downfall.
Actor Siddharth Bodke, known for his notable performances in regional Marathi cinema as well as Hindi projects like Neighbours, Sridevi Prasanna, and the Shahid Kapoor-starrer Deva, faces his most challenging career defining role. Speaking on the scale and complexity of the project, Bodke noted the magnetic duality of the figure he portrays:
“His passion, power, flaws, rise and eventual downfall make him an incredibly fascinating character to portray.”
Roy passed away in November 2023 at the age of 75 following a prolonged illness, leaving behind a legacy mired in complex judicial entanglements. Sahara Group companies consistently denied all regulatory violations and allegations of operating Ponzi schemes throughout their prolonged legal battles.
Expanding the ‘Scam’ Universe: A Proven Formula of Financial Truths
The Scam franchise stands as a cornerstone of Indian streaming prestige, renowned for dissecting systemic economic corruption with granular detail:
- Scam 1992: The Harshad Mehta Story (2020): Spearheaded by Pratik Gandhi, this breakout masterclass chronicled the 1992 Indian securities scam, setting a benchmark for web series production in the country.
- Scam 2003: The Telgi Story (2023): Explored the sprawling counterfeit stamp paper enterprise masterminded by Abdul Karim Telgi.
- Scam 2010: Focuses on the socio-economic and political intersections of the Sahara phenomenon, tracking an era of aggressive financial expansion and regulatory reckoning.
Industry Repercussions and Legal Sensitivities
True to the controversial nature of the subject matter, the announcement has already triggered immediate ripples. Following the official series announcement, representatives for Sahara India stated that aggrieved members were actively seeking counsel to evaluate potential legal action against the producers, director, and associated entities, as reported by PTI.
As production ramps up toward its January 2027 release window, Scam 2010 promises to blend investigative journalism with cinematic urgency, testing the boundaries of biographical drama on Indian OTT platforms.
Frequently Asked Questions (FAQs)
Scam 2010 is scheduled to premiere in January 2027 on Sony LIV.
Actor Siddharth Bodke stars as Sahara Group founder Subrata Roy in the lead role.
The series is adapted from journalist Tamal Bandyopadhyay’s bestselling book, Sahara: The Untold Story.
The series is backed by Birla Studios and Applause Entertainment.
It traces Subrata Roy’s journey of building Sahara India Pariwar through small savings schemes and the subsequent regulatory scrutiny and legal battles.
Analytical Conclusion & Long-Term Implications
The greenlighting of Scam 2010 marks a strategic evolution for biographical streaming content in India. By focusing on Subrata Roy—a figure whose influence stretched across corporate boardrooms, sports franchises, and millions of retail investors—Hansal Mehta is moving beyond straightforward crime procedurals into systemic socio-economic commentary.
As OTT platforms face heightened scrutiny over biographical adaptations, the commercial and critical reception of Scam 2010 will likely set a legal and creative precedent for how contemporary Indian corporate history is dramatized on screen. Long-term, the franchise solidifies Sony LIV’s dominance in high-concept investigative drama, proving that complex financial inquiries remain a potent vehicle for audience engagement.
Manish Kumar began his professional journey in digital marketing and performance marketing, and currently works as a Digital Marketing Excutive and SEO expert. With over 3 years of professional experience, he handles both strategy and execution. Currently, he manages digital marketing and performance marketing at ‘Shabd Sanchi’ (shabdsanchi.com).
