Sahara Refund: Good news has come for crores of investors of Sahara, full money will be received in nine months

what is the matter

The lifetime hard earned money of crores of investors has been lying in the four cooperative societies of Sahara Group for a long time. To get their money, they have to stumble from door to door. In 2012, the Supreme Court ordered Sahara Housing and Sahara Real Estate to deposit Rs 25,781 crore. These companies raised this amount from crores of investors in March 2008 and October 2009. These two companies deposited Rs 15,569 crore on which interest of Rs 9,410 crore has accrued. In this way, a total of Rs 24,979 crore was deposited in the Sahara-SEBI fund. After refund of some people, Rs 23,937 crore is still deposited in this account.

In the last hearing, Additional Solicitor General Aishwarya Bhati, appearing for the Ministry of Cooperation, had told the court that four multi-state cooperatives, Sahara Credit Cooperative Society, Sahara Universal Multipurpose Society, Hamara India Credit Cooperative Society and Stars Multipurpose Cooperative Society, had contributed more than Rs 9 crore. 86,673 crore was collected from more investors and out of this Rs 62,643 crore was invested in Aamby Valley. Sahara Group Cooperative Societies has not cooperated in this matter despite the specific order of the Delhi High Court and has rejected the process of refund of investors’ money and settlement of claims.