Sahara India

It also said it is expeditiously working on the process of integrating all these policyholders (of Sahara India Life) in its systems

Number of pending notices was up 31% to 2,872 at the end of FY22, from 2,193 the previous year

The High Court (HC) had asked Sahara to convey a plan for refunding the matured deposits of investors

Asserts that by representing the OFCD as pvt placement, issuers deprived subscribers of various measures of investor protection

During the hearing on April 27, the Patna High Court had asked the lawyer of Sahara India to submit a detailed report on how Sahara India will return the money of investors of Bihar

The CBI last week searched the residences of three officers of the Sebi in connection with the Saradha Ponzi scheme

The regulator had appointed a designated authority in 2018 to enquire whether Sahara India Financial violated provisions of Intermediaries Regulations

Group's companies suspected to have diverted a huge amount of money to other subsidiaries after taking collections from depositors.

Sebi had, a year ago, imposed penalty of Rs 600,000 on an individual for violation under the Prohibition of Fraudulent and Unfair Trade Practices

Roy has also assured all Sahara investors that they would get their invested amount with full interest and an additional interest would be paid even for a day's delay.

The commission also imposed a cost of Rs 2 lakh on the Chief Executive of Sahara India Commercial Corporation, along with a stern advice of caution for its unfair trade practices

The refunded amount includes Rs 56.86 crore of principal and Rs 49.24 crore paid as interest for 13,543 refund claims made by bondholders of two Sahara group firms

US President Donald Trump and hotelier Conrad Hilton were previous owners of one of the most iconic landmarks in New York City

Despite paying off 95% of investors, Sahara India had to pay Rs 19,000-cr to market regulator Sebi