Sahara Group

In 11 years, the Sahara-Sebi Refund Account was able to identify and pay 17,526 applicants involving 48,326 accounts, but the payout was of only Rs 138 crore. How much can a new fund, guarded by an online portal, be able to achieve?

A local court in Uttar Pradesh's Baghpat district on November 15 ordered the registration of a case of cheating against 18 people, including Sahara Group Chairman Subrata Roy Sahara, for allegedly siphoning off crores of hard-earned money from investors.

Senior Advocate SB Upadhyay appearing for the petitioners submitted that as per the Multi-state cooperative act, a company registered may invest into anything in its by-laws.

Supreme Court bench led b...