How Sahara investors fell for ‘mega fraud’, await dues decade later

How Sahara investors fell for ‘mega fraud’, await dues decade later

What happened, and whether it was fraud on the part of the Sahara Group and its chairman Subrata Roy, is being investigated by multiple agencies.  The group has been under probe by the Enforcement Directorate (ED) since 2008.  In 2012, with money-laundering allegations added to the mix, the Supreme Court — upholding a Securities and … Read more

Action against Sahara to continue: Sebi chief

Action against Sahara to continue: Sebi chief

MUMBAI: Sebi chairperson Madhabi Puri Buch on Thursday said the Sahara matter will continue for the capital markets regulator even after the death of the group’s founder Subrata Roy.Roy died in Mumbai on Tuesday after a prolonged illness at the age of 75.Speaking to reporters on the sidelines of a Ficci event, Buch said that … Read more