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    Home » Sahara India: Subrata Roy’s difficulties increased, bank accounts will be seized! SEBI asked to deposit 6.48 crores within 15 days
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    Sahara India: Subrata Roy’s difficulties increased, bank accounts will be seized! SEBI asked to deposit 6.48 crores within 15 days

    Shehnaz AliBy Shehnaz AliJanuary 14, 2023Updated:January 14, 2023No Comments3 Mins Read
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    New Delhi: The problems of Sahara India and its chief Subrata Roy are increasing continuously. Now the Securities and Exchange Board of India (SEBI) has sent a notice to Sahara Group company Sahara Housing Investment Corporation (SHIC), its chief Subrata Roy and others. In this, SEBI has asked him to deposit Rs 6.48 crore within 15 days. SEBI has also warned of attachment of assets and bank accounts for non-deposit of Rs. Actually these companies have failed to pay the penalty imposed by SEBI. After this a notice has been issued to them. Explain that SEBI, in its order in June, imposed a fine of Rs 12 crore on two companies of Sahara Group – Sahara Housing Investment Corporation and Sahara India Real Estate Corporation (now Sahara Commodity Services Corporation) and Subrata Roy, Ashok Roy Chowdhury, Ravi Shankar Dubey and Vandana Bhargava. Was fined Rs. The penalty was imposed on these entities for violation of regulatory norms in issue of Optionally Fully Convertible Debentures (OFCDs). The matter pertains to issuance of OFCDs by Sahara India Real Estate Corporation and Sahara Housing Investment Corporation during 2008-09.

    Sahara India: Why is Sahara unable to return people’s money? where is the screw stuck

    Subrata Roy used to sell snacks on a scooter

    There was a time when Subrata Roy used to sell namkeen on a scooter. In the year 1978, Subrata Roy, along with a friend, started selling biscuits and snacks on a scooter. After this, he started a chit fund company with a friend. He started Para banking. Targeted the poor and middle class. Even people earning only Rs 100 used to deposit Rs 20 with him. His scheme had become famous in every nook and corner of the country. Lakhs of people had gone on to join Sahara. With two chairs and a scooter in a room, he traveled up to two lakh crore rupees. He was a master at selling dreams.

    Sahara India Pariwar: When SEBI asked for papers, Sahara sent 127 trucks, the roads got jammed and then this happened?

    Business spread in every sector

    Subrata Roy had spread his business in every sector. First he ventured into the housing development sector. After this, he went on spreading his wings in one sector after another. Sahara had spread to real estate, finance, infrastructure, media, entertainment, health care, hospitality, real estate, retail, information technology. Not only in the country but all over the world, the sound of Sahara was ringing. Sahara was the sponsor of Team India for 11 years. As Sahara’s business grew, Subrata Roy’s wealth doubled, quadrupled.

    Source: navbharattimes.indiatimes.com

    : Language Inputs

    This post is sourced from newspapers, magazines and third-party websites. For more information please check NewsDay Express Disclaimer.

    Business News Samachar Headlines Latest News news news in hindi sahara chit fund sahara fraud case sahara india case sahara india fraud case sahara scam sahara scam case sahara scheme shara india family Subrata Roy Sahara Subrata Roy Sahara India
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    Shehnaz Ali
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    Shehnaz is a Corporate Communications Expert by profession and writer by Passion. She has experience of many years in the same. Her educational background in Mass communication has given her a broad base from which to approach many topics. She enjoys writing about Public relations, Corporate communications, travel, entrepreneurship, insurance, and finance among others.

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