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A court in Ahmedabad sent him to ED custody till December 2. Sanket Media Pvt Ltd prints and publishes ‘Satyam Times’ newspaper in Gujarati and English.
It is said that though the circulation of the newspapers was shown at 23,500 and 6,000-6,300 copies daily for the Gujarati and English editions respectively, actual circulation was only around 300-600 and 0-290
Inflated figures of circulation were shown to attract more advertising agencies including the Directorate of Advertisement and Visual Publicity (DAVP) and other private advertising companies to publish their advertisements in the said newspaper
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Sarma started out as a management trainee with Asian Paints for a year in 1988. He joined the Income Tax Department as inspector in 1990 and worked till 2007 and took voluntary retirement from the post of Senior Income tax officer.
He was elected from Limbayat ward, and held the chairmanship of the water committee. Three years ago he was appointed vice president of the Surat city unit of the BJP.