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The group stated that SEBI will be directed to start the verification of the documents of Sahara's investors, which are already provided to them by Sahara India Pariwar. Despite the double payment for single liability, Sahara India has been continuously depositing money of around Rs 22,500 crore (including interest earned) in Sahara-Sebi account.
Sahara India Pariwar (pariwar being Hindi for "family") is an Indian conglomerate headquartered in Lucknow, Uttar Pradesh, India.The group operates business sectors such as finance, infrastructure & housing, real estate, sports, power, manufacturing, media & entertainment, health care, life insurance, educational institute, offline online education (edunguru), retail, E-commerce (online ...
Subrata Roy (10 June 1948 – 14 November 2023) was an Indian businessman who founded the business conglomerate Sahara India Pariwar in 1978. [1]Sahara India Pariwar operated a vast number of businesses, such as Aamby Valley City, Sahara Movie Studios, Air Sahara, Uttar Pradesh Wizards, and Filmy, among others.
SCAM SEASON THREEPEAT UPDATE: Sahara India Pariwar, the company founded by the late Subrata Roy, has hit back after SonyLIV and Applause Entertainment announced a series on him. “An abusive and ...
Sahara, once the sponsor of India's national cricket team, had been embroiled in a battle with market regulator SEBI over repaying billions of dollars to investors who put their money in a bond ...
During his tenure at SEBI, he exposed the financial irregularities at Sahara India Pariwar which culminated in the Supreme Court of India upholding his judgement as member. As on 31 March 2021, SEBI had recovered ₹ 15,473 crore out of ₹23,000 crore from the Sahara Group of Companies (SHICL and SIRECL), making this the biggest penalty levied ...
Bad Boy Billionaires: India is a 2020 Indian Netflix original documentary anthology television series which focuses on the lives of four prominent business magnates of India, including Vijay Mallya, Nirav Modi, Subrata Roy and Ramalinga Raju, who achieved predominant success in their businesses during their lifetime before being accused of corruption.
This was in light of a previous SEBI order from 2011 concerning two other Sahara entities, which were directed to refund money collected through Optionally Fully Convertible Debentures (OFCDs) to investors. [47] [48] In 2015, SEBI ordered the winding up of Sahara Mutual Fund’s schemes due to non-compliance with regulatory requirements1.