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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.

Sahara land parcels auction begins; five put on block at reserve price of Rs 722 crore

Sahara land parcels auction begins; five put on block at reserve price of Rs 722 crore

An e-auction began Monday for sale of land parcels belonging to beleaguered Sahara group for recovery of funds by the markets regulator Sebi, amid concerns that sluggish market conditions might make it hard to attract buyers.

Sahara auction: SEBI adds 16 new parcels; bid price Rs 1,245 crore

Sahara auction: SEBI adds 16 new parcels; bid price Rs 1,245 crore

Markets regulator Sebi on Thursday added 16 more land parcels of Sahara group, with a reserve price of Rs 1,245 crore, to the list of properties to be auctioned next month for recovery of funds.

Sebi's Sahara coffer swells to Rs 11,727 crore; Refunds Rs 55 crore

Sebi's Sahara coffer swells to Rs 11,727 crore; Refunds Rs 55 crore

As it gears up to auction Sahara properties worth thousands of crores to recover further funds, market regulator Sebi's Sahara Refund Account has swelled to Rs 11,727 crore with interest but it has been able to refund just about Rs 55 crore so far to the investors.

Sahara properties to be auctioned at Rs 722 crore reserve price

Sahara properties to be auctioned at Rs 722 crore reserve price

Tasked by markets regulator Sebi to sell land parcels of Sahara, HDFC Realty will e-auction on July 4 five properties owned by the beleaguered group at a reserve price of Rs 722 crore.

Government to crack down on savings scams as PM Modi backs banking for all

Government to crack down on savings scams as PM Modi backs banking for all

New Delhi: India plans legislation to close a regulatory loophole that has made it possible for fraudsters to dupe millions of savers, as Prime Minister Narendra Modi strives to bring the rural poor into the mainstream banking system.

SC to hear Subrata Roy's parole plea today

SC to hear Subrata Roy's parole plea today

SC to hear Sahara Chief Subrata Roy's parole plea at 2pm today

UN chief regrets Morocco ''misunderstanding'' over Western Sahara remark

UN Secretary-General Ban Ki-moon regrets a "misunderstanding" over his use of the word "occupation" to describe Morocco`s annexation of Western Sahara, which led to Morocco expelling dozens of United Nations staff, his spokesman said on Monday.

Sahara chief Subrata Roy's book from Tihar tops chart, then slips

Sahara chief Subrata Roy's book from Tihar tops chart, then slips

As the embattled Sahara chief Subrata Roy completes two years in prison, there is something he can cheer about. Roy`s book "Life Mantras", which hit the stands last month, has been rated a bestseller in the non-fiction category by Nielsen Bookscan, a data provider for the publishing industry.

 

ED to monitor investors in Sahara

ED to monitor investors in Sahara

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European corporate offers $5 billion to bail out Sahara

European corporate offers $5 billion to bail out Sahara

The Supreme Court on Monday sought a response from the beleaguered Sahara Group as to why a Receiver be not appointed to dispose of their properties to arrange Rs 36,000 crore paying its investors even as an European corporate offered to lend USD five billion to bail out the group's jailed chief Subrata Roy.