Finally, SC orders 2 Sahara firms to pack up and repay Rs 20,000 cr
The Sahara Group's elaborate ruse to avoid Sebi scrutiny of its dubious OFCD scheme has finally been shot down by the Supreme Court The post Finally, SC orders 2 Sahara firms to pack up and repay Rs...
View ArticleMeanwhile, Sahara has moved on to its next fund-raiser
Even as two of its schemes are being wound down, the Sahara Group has found a new way to operate in areas where the regulatory regime is weak The post Meanwhile, Sahara has moved on to its next...
View ArticleSebi extends bid deadline for verification job in Sahara case
Market watchdog Sebi has extended the deadline for the second time for submission of bids by public sector banks and KYC Registration Agencies (KRAs) to conduct "in-person verification" of investors in...
View ArticleStill eager to work with reliable agency in Sahara case: Sebi
After having put on hold the process of appointing a verification agency in the Sahara case, market regulator Sebi today said it is still eager to work with some "good and reliable" verification...
View ArticleWhy Sebi may find little cash in Sahara bank accounts
Sebi may have attached Sahara group bank accounts, but it is unlikely to find much money in them. The assets may all be in real estate The post Why Sebi may find little cash in Sahara bank accounts...
View ArticleWhy Sahara thinks it is due for a ‘refund’ from Sebi
Since Sahara claims it has already paid Rs 5,120 crore to Sebi as part of the Supreme Court's order to repay its investors, Sahara is actually eligible for a refund from the regulator. In other words,...
View ArticleSebi cautions investors against dealings with Sahara
"Anyone transacting with them (Sahara India Real Estate Corp Ltd, Sahara Housing Investment Corp Ltd and their three promoters and directors) would be doing so at their own peril," the Securities and...
View ArticleSahara’s Subrata Roy stands defiant in Sebi battle
Not every executive challenges his regulatory tormentors to a televised debate, but Subrata Roy, who heads Sahara conglomerate, is not your typical CEO. The post Sahara’s Subrata Roy stands defiant in...
View ArticleNow Mumbai police probes Sahara. But will it crack the empire?
One more investigation into the Sahara group. This time it is by the the Economic Offences Wing (EOW) of the Mumbai Crime Branch Police. The post Now Mumbai police probes Sahara. But will it crack the...
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