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 SC gives no relief to Sahara chief Subrata Roy, refuses to extend deadline for payment of Rs 552 crore

SC gives no relief to Sahara chief Subrata Roy, refuses to extend deadline for payment of Rs 552 crore

The Supreme Court on Wednesday noted that embattled Sahara chief Subrata Roy has deposited Rs 710.22 crore in the SEBI-Sahara account

Sebi to e-auction Sahara property in Uttarakhand on Jul 28

Sebi to e-auction Sahara property in Uttarakhand on Jul 28

Capital markets regulator Sebi will auction a property owned by Sahara in Uttarakhand, for a total reserve price of little over Rs 223 crore, on July 28, as part of the process to recover funds from the beleaguered group.

Eight Chadian troops killed in clashes with Boko Haram

Eight Chadian soldiers were killed in fierce fighting with Boko Haram insurgents at the weekend on islands on Lake Chad.

I-T dept issues Rs 24,646 crore notice to Sahara's Aamby Valley

I-T dept issues Rs 24,646 crore notice to Sahara's Aamby Valley

The Income Tax department has issued a Rs 24,646 crore tax demand notice to Sahara Group's Aamby Valley Limited (AVL) after conducting a special audit of the company.

Tata, Godrej, Adani show interest in buying Sahara properties

Tata, Godrej, Adani show interest in buying Sahara properties

A large number of corporates, including Tatas, Godrej, Adani and Patanjali, have shown interest in buying embattled Sahara group's 30 properties estimated to be worth about Rs 7,400 crore.

ED moves SC for attaching Sahara Group's major foreign assets worth over Rs 3697 crore

ED moves SC for attaching Sahara Group's major foreign assets worth over Rs 3697 crore

There is fresh trouble for Sahara Group Chairman, as ED has moved Supreme Court seeking permission to attach major foreign assets of Sahara Group worth over Rs 3,697 crore.

Supreme Court orders attachment of Sahara's Aamby Valley project

Supreme Court orders attachment of Sahara's Aamby Valley project

The Supreme Court on Monday attached Sahara group`s Aamby Valley property in Pune for the recovery of Rs 14,799 crore that the group`s two companies involved in real estate have to pay investors.

SC refuses to grant more time to Sahara chief Subrata Roy to pay Rs 600 crore

SC refuses to grant more time to Sahara chief Subrata Roy to pay Rs 600 crore

The Supreme Court on Thursday refused to grant more time to the Sahara chief Subrata Roy to pay Rs 600 crore.

Sahara-Birla papers: SC rejects plea seeking SIT probe against PM Narendra Modi

Sahara-Birla papers: SC rejects plea seeking SIT probe against PM Narendra Modi

The Supreme Court on Wednesday rejected a plea seeking SIT probe against Prime Minister Narendra Modi and other politicians, on allegations of receiving money from two business houses, Aditya-Birla Group and Sahara.

Sheila Dikshit seeks probe into bribery cases involving Modi

Former Delhi Chief Minister Sheila Dikshit on Tuesday questioned why the Prime Minister`s Office (PMO) has not ordered a probe into the alleged bribes that corporate houses Sahara and Birla groups paid to politicians including Prime Minister Narendra Modi.

Ready with roadmap to deposit remaining Rs 12,000 crore by December 2018: Sahara group

Ready with roadmap to deposit remaining Rs 12,000 crore by December 2018: Sahara group

Embattled Sahara Group on Friday told the Supreme Court it was ready with a roadmap to deposit the remaining amount of Rs 12,000 crore in the SEBI-Sahara account by December 2018 to be refunded to the investors.

 Sahara to deposit Rs 200 crore with SEBI, seeks advancement of case hearing

Sahara to deposit Rs 200 crore with SEBI, seeks advancement of case hearing

Sahara Group on Thursday told the Supreme Court that it would deposit Rs 200 crore with market regulator SEBI in pursuance of an earlier apex court direction and sought advancement of the hearing in the case.

Sebi to auction Sahara group's 13 more land parcels

Sebi to auction Sahara group's 13 more land parcels

Moving ahead with sale of Sahara assets to recover money, regulator Sebi lined up 13 land parcels of the beleaguered group for an e-auction next month at a total reserve price of about Rs 1,400 crore.

Supreme Court asks Sahara Group to disclose source of money raised

Supreme Court asks Sahara Group to disclose source of money raised

Supreme Court on Friday asked the Sahara Group to come clean by disclosing its sources from where it had raised Rs. 25,000 crore and paid its investors in cash, observing that it is "difficult to digest" as such a huge amount "cannot fall from the heavens."

SC asks Sahara Group to disclose source of money raised

SC asks Sahara Group to disclose source of money raised

Supreme Court on Friday asked the Sahara Group to come clean by disclosing its sources from where it had raised Rs 25,000 crore and paid its investors in cash, observing that it is "difficult to digest" as such a huge amount "cannot fall from the heavens."

SC tells Sahara to tell source of money refunded to investors

SC tells Sahara to tell source of money refunded to investors

The apex court told Sahara group that it is difficult to digest that so much money has been refunded in such a short span.

Ready to pay additional Rs 300 crore, Sahara chief Subrata Roy tells SC

Ready to pay additional Rs 300 crore, Sahara chief Subrata Roy tells SC

Sahara chief Subrata Roy on Friday told the Supreme Court that he is ready to pay additional Rs 300 crore with market regulator Securities and Exchange Board of India (SEBI) which should be adjusted with the bank guarantee.

 

Sahara to Sebi: Expedite investor verification, advertisements won't help

Sahara to Sebi: Expedite investor verification, advertisements won't help

Hitting back at Sebi, embattled Sahara group today said issuance of advertisements would not help the regulator reach out to the investors spread across remote parts of the country and offered its help in verifying 95 percent bondholders it claims to have already refunded.

Sebi suspects 'money laundering' in ponzi schemes

Sebi suspects 'money laundering' in ponzi schemes

There is a "huge element of money laundering" in illegal public deposit schemes across the country, a top Sebi official said on Thursday, even as he wondered why not many claimants are coming forward to get back the money in the high-profile Sahara case.

Sahara to sell 3 overseas hotels to Qatar Investment for $1.6 billion

Sahara to sell 3 overseas hotels to Qatar Investment for $1.6 billion

Sahara and Qatar Investment Authority have drafted a share purchase agreement with the Qatar Investment seeking nod from the Supreme Court for the sale process for which it will file an application on Friday.