New Delhi: The Sahara Group found itself in trouble on Saturday after market regulator Securities and Exchange Board of India (SEBI) issued a public warning to bond holders of two of its companies. The notice said that SEBI had received complaints from investors that they were being forced by Sahara agents to forcefully switch to some of its other schemes like the retail scheme Sahara Q Shop.
The notice further asked bondholders to hold on to the original documents relating to investment in bonds. It also asked the bond holders not to yield to pressure from Sahara or its agents to switch schemes.
Sahara has until the end of November to refund money received from investors and furnish documents to SEBI. Below is the full text of the notice by SEBI.
ATTENTION!! BOND HOLDERS OF THE TWO SAHARA COMPANIES...more
12:24 PM, Oct 27, 2012