Sebi seeks Sahara Group account details from banks, help from RBI
Besides, the Securities and Exchange Board of India (Sebi) has also written to Sahara group to furnish the details of bank accounts and properties held by them so as to enable it to take recourse to appropriate legal remedies as per the Supreme Court directions, the Parliament was informed today.
The details of actions taken by Sebi, which also includes its request to Maharashtra and Uttar Pradesh governments to initiate civil and criminal proceedings against two Sahara group companies, were listed by Minister of State for Finance Namo Narain Meena in a written reply to a Lok Sabha question.
Sebi has also launched prosecution and adjudication proceedings against Sahara and its promoter/directors, Meena said, adding that the regulator is also regularly submitting to the Supreme Court a case status report approved by Justice B N Aggarwal, as per the court directions.
Meena said Sebi has written to "NABARD, Enforcement Directorate, Central Economic Intelligence Committee, RBI and Financial Intelligence requesting them to share with Sebi any material/information in their possession about the Sahara group of Companies, more particularly SIRECL and SHICL".
He added, "They were also requested to examine or inquire any possible violation of the provisions of law falling under their jurisdiction and share with Sebi
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