New Delhi: The clamour for N Srinivasan's head is growing stronger as after Sharad Pawar-led NCP, Sahara India Chief Subrata Roy has also said that the BCCI president should step down in the present scenario. Roy went a step further and said Pawar should replace Srinivasan as BCCI chief.
"I totally agree that Srinivasan should step down. It's important that he should step down in present circumstances. Persons who are wrong should be handled strongly to set a strong example," Roy said while speaking to CNN-IBN. "If Sharad Pawar is given sufficient time, then he is the right man for BCCI presidents post."
Roy further said that any team should be scrapped if its owner is involved in betting. "If owner is involved in betting then the team should be scrapped. Players should be taken care off if the team is being scrapped.
Talking about his estranged relationship with the BCCI, Roy said everything was good between them and the board till Shashank Manohar was the BCCI chief. "Till Shashank Manohar was there, we used to love our relation with the BCCI," Roy said. "Earlier BCCI was well managed. I had 14-year-old relationship with them. But Srinivasan could not fulfil his commitments."...
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06:19 PM, May 24, 2013
New Delhi: In the high profile Sahara case involving over Rs 24,000 crore raised through "various illegalities", market regulator SEBI has begun the process of refund to individual investors who have been verified by it. The money is being refunded only in those cases where SEBI has not found any multiplicity during its verification process. Refund for others will have to wait till the next direction from the Supreme Court,...
05:17 PM, May 14, 2013
New Delhi: The SEBI should come out with a mechanism to verify the genuineness of investors, who had invested in the Sahara Group, and start refunding money to them, the Supreme Court said on Wednesday. A bench of justices KS Radhakrishnan and JS Khehar also sought an affidavit detailing their assets from Sahara India Real Estate Corp Ltd (SIREC) and Sahara India Housing Investment Corp Ltd (SHIC), the two companies...
10:48 PM, May 08, 2013
New Delhi: The Supreme Court on Thursday stayed proceedings on pleas filed by Sahara group and its chief Subrata Roy against refunding Rs 24,000 crore to investors and attachment of their properties after the SEBI accused them of approaching different forums for delaying the process. A bench comprising by Justices KS Radhakrishnan and JS Khehar also issued notice to them on SEBI's plea seeking transfer of all cases filed by...
12:25 AM, May 03, 2013
Mumbai: Over three-and-a-half years after receiving draft papers for the proposed IPO of Sahara Prime City Ltd, Sebi has formally closed this file as the company failed to submit clarifications sought by the market regulator. Sebi closed file on the Rs 3,450-crore IPO proposal last week without any go-ahead for public issue, after various clarifications sought from merchant bankers for the share sale remained pending for months together. Sebi had...
09:00 AM, Apr 23, 2013
New Delhi: The Sahara Group and its promoter Subrata Roy on Monday faced a tough time in the Supreme Court which pulled them up for not refunding Rs 24,000 crore to its investors and accused them of "manipulating courts" by approaching different forums for relief. A bench comprising by Justices KS Radhakrishnan and JS Khehar slammed the group and its chief for not filing response on SEBI's contempt plea against...
06:49 PM, Apr 22, 2013
Mumbai: The Securities Appellate Tribunal is likely to hear Sahara chief Subrata Roy's plea in May against market regulator Sebi's attachment order of his bank accounts and other assets, along with those of two group firms and their top executives. Four petitions have been filed against Sebi, namely by Sahara chief Subrata Roy himself, Sahara Housing Investment Corp Ltd (SHICL), Sahara India Real Estate Corp Ltd (SIRECL), and Ashok Roy...
08:33 PM, Apr 19, 2013
Pune: What looked to be the two weakest IPL teams after their standings in the last season - bottom and second from bottom - Pune Warriors and Sunrisers Hyderabad clash at the Subrata Roy Sahara Stadium in game one of Tuesday's double-header seeking to outdo the each other. Pune are coming off an upset win over two-time IPL winners Chennai Super Kings while Hyderabad's last match was a huge defeat...
04:07 PM, Apr 16, 2013
Mumbai: The Securities Appellate Tribunal on Saturday adjourned to April 20 its hearing on Subrata Roy's plea against market regulator Sebi's attachment order of his bank accounts and other assets, along with those of two group firms and their top executives. After taking up the petition for its "preliminary hearing", the Securities Appellate Tribunal (SAT) posted the matter to April 20 as the counsel for Sahara Group sought adjournment due...
11:35 AM, Apr 13, 2013
Mumbai: The Securities Appellate Tribunal (SAT) will on Saturday hear Sahara Group chief Subrata Roy's plea against market regulator Sebi's attachment order of his bank accounts and other assets, along with those of two group firms and their top executives. The Tribunal will on Saturday hold its "preliminary hearing" of four petitions in this matter related to the high-profile case involving a refund of over Rs 24,000 crore raised through...
07:34 AM, Apr 13, 2013
Lucknow: A division bench of the Lucknow High Court will hear the Sahara-Securities Exchange Board of India (Sebi) case on Friday. Subrata Roy led Sahara India had filed a writ petition seeking to quash the market regulator's February 13 order. The court had directed Sebi to file a counter affidavit. It had also advised Sebi to seek clatification on whether the Supreme Court judgement in this case relates only to...
09:01 AM, Apr 12, 2013
New Delhi: Facing a possible auction of his personal and company assets by Securities and Exchange Board of India (Sebi), a defiant Sahara chief Subrata Roy says he feels victimised by a chain-reaction of events over the years that began with a political vendetta in 2005, followed by regulatory clampdowns by RBI and Sebi. "It started as a political vendetta against us in 2005, and thereafter it became a chain...
04:33 PM, Apr 11, 2013
A Delhi court on Wednesday ordered further investigation against Congress leader Jagdish Tytler in the 1984 anti-Sikh riots case. ...
10:01 PM, Apr 10, 2013
Sahara chief Subrata Roy on Wednesday said that he should be hanged if any wrongdoing was found in his company. Speaking to CNN-IBN, Roy alleged that he was being targeted by "some people in the system" and attacked SEBI for delaying the process of verifying documents related to investors submitted by the company. "Seven months have passed. Nothing has been done by SEBI for verification of the accounts. I cannot...
08:17 PM, Apr 10, 2013
New Delhi: Sahara chief Subrata Roy on Wednesday said that he should be hanged if any wrongdoing was found in his company. Speaking to CNN-IBN, Roy alleged that he was being targeted by "some people in the system" and attacked SEBI for delaying the process of verifying documents related to investors submitted by the company. "Seven months have passed. Nothing has been done by SEBI for verification of the accounts....
08:04 PM, Apr 10, 2013
Mumbai: Sahara group chief Subrata Roy, who appeared before a SEBI panel on Wednesday complained with a smile that he was not offered a cup of tea at the hour-long meeting. Roy who was summoned said that his company paid Rs 5,120 crore to SEBI and all the expenses are on Sahara's account, so it was unfortunate that during the meeting, they weren't even offered a cup of tea by...
07:46 PM, Apr 10, 2013
New Delhi: Sahara group chief Subrata Roy, who appeared before a SEBI panel on Wednesday to give details of his company's assets, said that the repayment of remaining investors had been delayed because of SEBI as the market regulator was wasting time by delaying the verification of investor base he had given them. "SEBI has wasted time by not verifying the base of the investors we have provided to them....
04:44 PM, Apr 10, 2013
Mumbai: Sahara Group chief Subrata Roy and top executives reached Sebi's office to appear before the market regulator in connection with the high-profile refund case involving an estimated Rs 24,000 crore payment to over three crore investors. Sebi had said that if they failed to appear, it would issue orders for the attachment and sale of its assets. The Supreme Court had ordered Sebi to get Sahara repay its investors...
03:14 PM, Apr 10, 2013
Mumbai: The Mumbai Economic Offences Wing has launched a preliminary investigation against the Sahara Group. The probe will focus on whether Sahara is intimidating investors. The Mumbai EOW chief has told CNN-IBN that they have been asked by the Government of India to probe Sahara. This comes even as Sahara group chief Subrata Roy has to appear before market regulator Sebi on Wednesday in the high-profile refund case involving an...
12:26 PM, Apr 10, 2013
