gfiles magazine

February 10, 2013

SEBI loves Sahara!

SEBI loves Sahara!
North Block is silent and surprised. The issue is Sahara Group’s Rs 10,000 crore second instalment to be paid to SEBI under a Supreme Court order. As per the extended deadline provided by the apex court, Sahara companies were to pay up this installment on January 10. It is reported that till we went to press, Sahara had not paid up. Further, SEBI has not appointed an agency for authentication of Sahara’s three crore investors. Why SEBI Chairman UK Sinha (a 1976 batch IAS officer of Bihar cadre), is silent on the Sahara issue has baffled everybody...Read More

1 comment:

  1. SEBI's recent allegation is that there are thousand investors who have not responded. SEBI should be wise enough to understand that all small investors who have already received payment shall definitely not correspond with SEBI or anybody for that matter.