sahara chit fund, big good news for Sahara investors, SC releases ₹ 5,000 crore from seized amount, stuck money will be returned

Good news for Sahara investors

Lakhs of people who have deposited money in the Sahara scheme have not yet received their money. Good news has come for such investors today. After getting the approval of the Supreme Court, the hopes of these investors have been raised. It is expected that the investors of Sahara will get their money back soon. The Supreme Court has approved the petition of the Central Government, in which the government has appealed to immediately allocate 5000 crores out of 24000 crores of Sahara-SEBI Fund. Let us tell you that in another case of cheating investors, about 24 thousand crore rupees have been deposited in the Sahara-SEBI fund formed in the year 2012.

Money stuck in SEBI-Sahara dispute

Funds worth Rs 24,000 crore deposited in the account are stuck due to the Sahara SEBI dispute. Investors, on the other hand, are worried. Seeing the problems of the investors, the Central Government had filed a petition in the Supreme Court, in which it had appealed to release 5 thousand rupees immediately. Approving this petition, the court has ordered to allot Rs 5,000 crore. This decision will provide relief to 1.1 crore investors of Sahara. On Tuesday, market regulator SEBI recovered Rs 6.57 crore from Sahara Group’s real estate company. Showing strictness on the head of the company, Subrata Roy Sahara, SEBI has recovered this amount.

what is the whole controversy

Significantly, this dispute of Sahara is of the year 2009. The controversy involving Sahara Housing Corporation Limited and Sahara India Real Estate Corporation, two companies of Sahara, started when the company offered to bring its IPO. As soon as the IPO came, the secrets of Sahara started getting exposed. Sahara had wrongly raised an amount of 24000 crores from investors, which came in front of SEBI. SEBI found many irregularities in Sahara, when it was investigated, a big scam came to the fore. SEBI ordered Sahara to return their money to the investors along with interest. Later the matter got complicated and even today lakhs of investors of Sahara are waiting for their funds.

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