Shic

  • Difficult to believe that Sahara refunded money to investors, says SC August 13, 2013

    New Delhi: The Supreme Court on Tuesday said it is "extremely difficult" to believe Sahara group's contention that it had refunded Rs 22,000 crore to its investors even before an order was passed directing its firm to deposit Rs 24,000 with SEBI. Sahara group, which faced tough time in convincing...
  • Subrata Roy not liable for refunding Rs 24,000 crore: Sahara to SC August 6, 2013

    New Delhi: Sahara group on Tuesday told the Supreme Court that its chief Subrata Roy is not liable for refunding Rs 24,000 crore collected by its two firms from investors, countering the arguments of SEBI which wanted his passport to be impounded till the contempt plea against him and companies...
  • Attachment of assets of individuals by SEBI incorrect: Sahara February 14, 2013

    New Delhi: The Sahara group on Wednesday responded to the crackdown on two of its companies by SEBI by saying that it was "genuinely concerned for its investors". The group added that since the liability to refund "the monies (of investors) was that of (two Sahara companies) SIRECL and SHICL",...
  • SEBI freezes over 100 bank accounts of 2 Sahara cos: Sources February 14, 2013

    New Delhi: The Securities and Exchange Board of India (SEBI) on Wednesday cracked down on Sahara group, freezing more than 100 bank accounts of two of its companies. Sources said that the immovable assets of the two companies were also frozen. The SEBI also attached the assets and properties of Sahara...