Sahara’s investors are going to fill their pockets, the government has taken an important step
New Delhi (Best Hindu News): Attention investors of Sahara Group. If their money is stuck then they can get this money back. This may be possible due to the efforts of the Modi government, under which the government has applied to the Supreme Court to allot Rs 5,000 crore to pay back the money of 1.1 crore investors.
In 2012, the Supreme Court ordered Sahara Housing and Sahara Real Estate to deposit Rs 25,781 crore. These companies raised this amount from three crore investors in March 2008 and October 2009. These two companies have so far 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 is deposited in the Sahara-SEBI fund. After the refund, Rs 23,937 crore is still deposited in this account.
The hard-earned money of these people 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. According to information given by the government in Parliament, SEBI has received 19,644 applications involving 53,642 original bond certificates/pass books for a total principal amount of Rs 81.70 crore. Of these, SEBI has refunded a total amount of Rs 138.07 crore to 17,526 eligible bondholders holding 48,326 original bond certificates/passbooks. This includes principal of Rs 70.09 crore and interest of Rs 67.98 crore.