With Subrata Roy being arrested in Lucknow today, Sahara group has issued a statement indicating its position on the issue.
Good afternoon Everybody,
On behalf of the Sahara India Pariwar, We welcome you all
We are meeting at a time when our organization has been very wrongly interpreted and presented in public against the backdrop of the ongoing Sahara Ė Sebi case.
As the matter is Sub-judice, we cannot bring forward many things pertaining to the case but being an organization like Sahara India Pariwar with an investor base of more than 8 crore and having kartvyayogis in tune of 12 lakh, we feel it is our moral right and duty to come forward and dispel some misconceptions which are being created by parties having vested interest in the dust of ongoing dispute.
As you are aware of the happenings in this case and the developments of last two days, we wish to put forward the facts for the understanding of our esteemed investors / customers / kartavyayogi karyakartas, associates and business partners / our well wishers and public at large.
On 20th Febí14, Honíble supreme court orders our Chairman Sri Subrata Roy Sahara (Saharasri Ji) and 3 other directors to appear in person in Honíble supreme court to be a part of the proceeding of that particular day related to the ongoing dispute of our two companies namely Sahara India Real Estate Corporation Ltd and Sahara India Housing & Investment Corporation Ltd with Securities Exchange Board of India (SEBI).
On 22nd Febí14,Saharasri Ji arrives in Delhi to have one on one meetings with our Senior Legal Counsels namely Shri Ram Jethmalani& Shri AryamaSundaram and thereafter to attend the proceedings in Honíble supreme court on 26th Febí14 along with other three Directors
On 23rd Febí14, Saharasri Ji meets both Senior Counsels Shri Ram Jethmalani and Shri Aryama Sundaram at their respective residences in New Delhi.
On 24thFebí14, towards late evening Saharasri Ji is informed that the health condition of his mother Smt.Chabbi Roy, aged 92 years, who has been unwell for some time and is being attended and treated at Sahara Hospital in Lucknow, has suddenly deteriorated and her situation is critical.
Saharasri Ji being the eldest child of his mother and also being very attached to her decided to go back to Lucknow immediately with a private charter to be with his ailing mother at this critical moment as any son would have done in order to fulfill his