Good news for millions of investors of Sahara, the government took an important step
There is great news for the investors of Sahara Group. Their investors are likely to get back their invested money within a short span of time. 24000 crores are deposited in Sahara’s SEBI fund. The government has approached the Supreme Court to allocate 5000 thousand out of this so that 1.1 crore investors can get their money back.
Total Rs 24,979 crore deposited in Sahara-SEBI fund
The money of these people is lying in the four co-operative societies of Sahara Group for a long time. In 2012, the Supreme Court ordered Sahara Housing and Sahara Real Estate to deposit Rs 25,781 crore. These companies raised this amount from three crore investors in March 2008 and October 2009. Both these companies have till now Rs. 15,569 crore has been deposited, of which Rs. 9,410 crore interest has been received. In this way, a total of Rs 24,979 crore is deposited in the Sahara-SEBI fund. Even after the refund, Rs 23,937 crore is deposited in this account.
Sahara group has not cooperated despite special order from Delhi High Court
Additional Solicitor General Aishwarya Bhati, appearing for the Ministry of Cooperatives, told the court that four multi-state cooperative societies, Sahara Credit Cooperative Society, Sahara Universal Multipurpose Society, Hamara India Credit Cooperative Society and Stars Multipurpose Cooperative Society, have collected over Rs 86,673 from nine collected. crore investors and out of which Rs 62,643 crore was invested in Ambi Valley. The ministry said that, despite the special order of the Delhi High Court, Sahara Group of Co-operative Societies has not cooperated in this matter and has rejected the process of refund of investors’ money and claim settlement.