A Sahara Group has knocked door of Supreme Court to file a petition against Sebis order to refund money back to investors. The company collected money though one of its schemes. The court provided the date for hearing on July 4 .The company put serious allegation on market regulators on making this matter publicly highlighted. Sebi in his earlier order passed on June 23 asked seriously to refund money collected from investors on the name of scheme. The order was to be implemented on both Sahara Group companies that are Sahara India Real State Corp and Sahara Housing Investment Corp. The money was charged at an annual rate of interest of 15%.
Taking the whole order seriously company has asked Sebi to remove the following order from its official website. Moreover company strictly wants it not to be publicized. The order has created confusion and chaos among investors due to some market regulators.Sebi in order to highlight the matter has called upon series of conferences to take this order to the public. Sahara group have challenged this order in court which will be headed by Justice P Sathasivam till then company don’t want it to be made public.
I think we all should have patience and faith in Sahara India because the company has assured that the our money is safe and there will not be any delay in the payment. Furthermore, till date, not a single investor face loss by investing in Sahara Schemes.
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