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Showing posts from August, 2017
SHARA CASE It has been about five years since the Supreme Court ordered the Sahara Group, led by Subrata Roy, to refund money that it  borrowed(उधारलियाहुआ)  from investors without sufficient regulatory  clearance(निकासी) . But the Securities and Exchange Board of India, which was tasked by the Supreme Court to oversee the actual transfer of money from the Sahara Group to investors, is  clueless(कोई खबर नहीं/अनभिज्ञ)  about where to find those investors. The total amount, including interest on the initial principal, that needs to be  refunded(वापसकरना)  to investors has  bulged(उभरना/निकलआना)  to about Rs.40,000 crore now. Of this, SEBI has received an aggregate amount, including interest earned on deposits, of about Rs.14,487 crore from the Sahara Group. But according to SEBI’s latest annual report, as on March 31, 2017 only about Rs.85.02 crore, including interest of about Rs.38.05 crore, of this amount has actually been returned to in...