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Moneylife » Companies & Sectors » Company News & Trends » Sahara saga gets a strange twist

Sahara saga gets a strange twist

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Sucheta Dalal | 11/12/2012 03:12 PM | 

Sahara India, a strange business group, has managed to get three months of time to repay investors. But remember Sahara claims that it owes nothing to anybody

On 5th December, as the debate over foreign direct investment (FDI) raged in the Lok Sabha, the Supreme Court of India (SC) generously granted Sahara three more months to repay the funds collected through its illegal schemes. This surprise came just two days after the SC castigated the group for failing to comply with its order to refund a massive Rs24,000 crore collected through optionally fully convertible debentures (OFCD). It has now ...


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