Sahara boss Subrata Roy was quizzed by the SEBI officials. Roy has accused the SEBI of wasting time to verify Sahara's investors and said he was questioned only about his personal assets. A belligerent Sahara chief Subrata Roy making a personal appearance before market regulator SEBI. SEBI was seeking details to scertain details of his personal assets so it could move ahead with sale of immovable property, the proceeds of...
03:38 PM, Apr 12, 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
Mumbai: In the high-profile refund case involving an estimated Rs 24,000 crore payment to over three crore investors, Sahara Group's chief Subrata Roy and other top executives will appear before the marget regulator Sebi on Wednesday. Sebi had summoned Roy and three other directors of two Sahara firms for personal appearance in an order dated March 26. Sebi wants to ascertain details of their personal assets, as also the investments...
08:29 AM, Apr 10, 2013
Mumbai: In the high-profile refund case involving an estimated Rs 24,000 crore payment to over three crore investors, Sahara group's chief Subrata Roy and other top executives have been summoned for personal appearance on Wednesday before the market regulator SEBI. The summons for personal appearance of Roy and three other directors of two Sahara firms were issued by SEBI to examine them for ascertaining details of their personal assets, as...
05:11 PM, Apr 09, 2013
Shanghai: Sahara Force India do not depend now just on wet weather conditions to upset the big teams as the car is competitive enough in all conditions, team principal Vijay Mallya asserted Monday. Going into Sunday's Chinese Grand Prix, Force India are fifth in the constructors standings, behind Mercedes and ahead of Sauber and McLaren. Mallya said his team's assessment in comparison with the rivals can be done better after...
04:50 PM, Apr 08, 2013
New Delhi: Amid a fierce regulatory battle with capital markets watchdog Sebi, diversified conglomerate Sahara group has seen three independent members exiting from the boards of its various companies. Those having relinquished their association with Sahara group include RBI's former Deputy Governor Amitabha Ghosh, retired Supreme Court judge S Mohan and New India Assurance Company's former Chairman AC Mukherjee. Ghosh was on the board of group's life insurance venture Sahara...
04:48 PM, Apr 08, 2013
Muzaffarnagar: A former village head was allegedly murdered by his three children at Manani village in Saharanpur district, police said on Monday. The body of Rampal (55) was found in his house on Sunday. His sons Anil (23), Kuldeep (20) and a daughter Priyanka (16) are absconding after the incident, said SSP Vijay Yadav. Police suspect it to be a revenge killing by the children of the victim. Rampal had...
12:30 PM, Apr 08, 2013
New Delhi: Market regulator SEBI has incurred initial costs of more than Rs 55 crore in its humongous task of facilitating Rs 24,000-crore refund to bondholders of two Sahara firms after verifying their credentials and Saharas would have to clear all these bills. The final expense bill of the Securities and Exchange Board of India (SEBI) in this high-profile case could be much higher, as just two contracts - for...
03:17 PM, Apr 07, 2013
In a double blow to Sahara, SEBI on Tuesday summoned group chief Subrata Roy on April 10 to finalise list of assets to be sold for Rs 24,000-crore refund to investors, while the Himachal Pradesh High Court restrained five Sahara entities from raising money from the public. ...
09:22 PM, Mar 26, 2013
he Securities Appellate Tribunal (SAT) on Tuesday adjourned its hearing on Sahara-Sebi case. The hearing will now happen on April 13. Sahara Group chief Subrata Roy had filed a plea challenging Sebi's attachment order on his bank accounts and other assets. ...
12:37 PM, Mar 26, 2013
