SAHARA
Moneylife Digital Team 05 February 2024
Only Rs258.47 crore has been paid to 2.77 lakh applicants out of 1.21 crore claims filed by depositors of Sahara group's four cooperative societies through the central registrar of cooperative societies (CRCS) online portal as of 31 January 2024, the government told the Lok Sabha.

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Moneylife Digital Team 15 December 2023
The death of Sahara group founder and chief Subrata Roy would not impede various ongoing investigations in Sahara group companies, the Union government clarified.

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Moneylife Digital Team 23 November 2023
Around five lakh people who invested in four cooperatives run by the Sahara group are expected to converge in Delhi in December to protest the Union government’s failure to refund their deposits, says a report from The Hindu

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On 14 November 2023, when the Sahara group founder, Subrata Roy died, hundreds of questions about this strange business group remained unanswered.

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Moneylife Digital Team/ IANS 16 November 2023
Subarata Roy, the founder of Sahara India Pariwar, breathed his last Tuesday following a cardiac arrest after a prolonged illness

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Moneylife Digital Team 25 July 2023
Depositors of the Sahara group credit cooperative societies - Sahara Credit Cooperative Society Ltd, Saharayn Universal Multipurpose Society Ltd, Humara India Credit Cooperative Society Ltd and Stars Multipurpose Cooperative Society Ltd, can submit claims for refund on the new portal set up by the Union ministry of cooperation, the Lok Sabha was informed.

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On 29th March, the press information bureau (PIB) issued an unusual press release about a Supreme Court (SC) order in a public interest litigation (PIL) seeking refund of money deposited with four cooperative societies set up by the notorious Sahara Pariwar.

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Moneylife Digital Team 31 March 2023
The Supreme Court on Wednesday allowed an application filed by the Union government seeking Rs5,000 crore allocation to pay back to the depositors out of Rs24,000 crore deposited by Sahara group with market regulator Securities and Exchange Board of India (SEBI).

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Akshay Naik 14 January 2023
The Supreme Court on Monday has directed the Securities and Exchange Board of India (SEBI) and Sahara India Real Estate Corp Ltd,

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Moneylife Digital Team 27 December 2022
The Securities and Exchange Board of India (SEBI) has issued an order to attach the bank and demat accounts of Sahara group companies, its chief Subrata Roy and others to recover Rs6.42 crore for violating regulatory norms in the issuance of optionally fully convertible debentures (OFCDs).

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Moneylife Digital Team 05 August 2022
Nearly 130mn (million) investors have investments of over Rs1.12 lakh crore 'stuck' in six companies of the Sahara group.

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Moneylife Digital Team 27 July 2022
The District Consumer Disputes Redressal Commission of North 24 Paraganas, has directed Sahara group unit Sahara Credit Co-Operative Society Ltd to refund, along with interest, money invested by an investor in the company's scheme

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The Supreme Court on Wednesday expressed displeasure with the interim orders passed by the Patna High Court in connection with Sahara India Group Head, Subrata Roy, in relation with an anticipatory bail application of a third person.

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Moneylife Digital Team 28 June 2022
In an example of how the market regulator has multiple proceedings on the same issue, the Securities and Exchange Board of India (SEBI) has imposed penalties of Rs12 crore on two Sahara Group firms for an issue going back to 2008-09.

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The Supreme Court on Tuesday agreed to list a plea by SFIO challenging a Delhi High Court order, which stayed the investigation into companies related to the Sahara Group.

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Capital market regulator SEBI is holding Rs 25,000 crore of Sahara and in the last nine years, it has only paid around Rs 125 crore to the investors, making the conglomerate company as much a victim as its investors, Sahara said in a statement on Monday.

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Moneylife Digital Team 23 March 2022
While asking the central registrar of multi-state co-operative societies to furnish a report after examination of applications of Sahara group investors claiming that they have not received their money even after maturity, the Delhi High Court has restrained Sahara group societies from accepting any new deposits, says a report.

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The Patna High Court has directed Securities and Exchange Board of India (SEBI) to file its response, in writing on or before March 25, on the matter pertaining to repayment to Sahara's investors.

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Moneylife Digital Team 20 December 2021
Investors of Sahara India Real Estate Corp Ltd (SIRECL) and Sahara Housing Investment Corp Ltd (SHICL) have been paid back Rs138.07 crore, including Rs70.09 crore as principal and Rs67.98 crore as an interest, the Lok Sabha was informed on Monday.

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IANS 09 December 2021
The workers and investors of Sahara together staged a protest against SEBI at the Jantar Mantar here on Wednesday.

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