Sahara: Sebi orders accounts freezing, attachment of property

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PTI: Mumbai, Wednesday, Feb 13, 2013 at 2143 hrs IST

Taking stern actions against Sahara in the high-profile investor refund case involving over Rs 24,000 crore, market regulator Sebi on Wednesday ordered freezing of bank accounts and attachment of all properties of two group firms and top executives, including Subrata Roy. Sebi's action follows ....Read more

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Reader's Comments (4)| Post a Comment

That's sad news

Megha | Thursday , 21 Feb '13 13:17:58 PMReply | Forward

How can sebi do this? Sahara India has already returned money to most of its investors, by depositing to SEBI would mean paying twice. Which would be very unfair for the company.

Why did It take SEBI this much time? is it following the better late than NEVER/???

sprout | Thursday , 14 Feb '13 13:56:37 PMReply | Forward

Good job! congrats! SAVE INDIAN INVESTORS from the hands of those who are taking then for a ride.God bless those in SEBI to go after these kind of ----------

Mr. FRAUD SUBARTO RAI

Dr. Anil Khari | Thursday , 14 Feb '13 11:18:09 AMReply | Forward

This should have been long not only by SEBI, but also by competent authorities of Government of India, that unfortunately is a puppet in the hands of such groups like Sahara, Relience and many other fraud companies. The Fraud MR. SUBARTO RAI has transferred money to Swiss Bank, poor Indian investors and even any court or judiciary can not do any thing.