Government in action

In fact, the Finance Department of the Government of Jharkhand has swung into action against non-banking companies and corporative societies. The government has issued a police helpline number 112 to register a complaint against them. Under this, a complaint can also be lodged for the money trapped in the Sahara India Pariwar. After this, the Finance Department will investigate this complaint in collaboration with CID (Economic Offenses Wing, Jharkhand).

Crores of rupees of people are trapped 

Let us tell you that crores of rupees of people are trapped in Sahara India. In the budget session of the Jharkhand Legislative Assembly, MLA Naveen Jaiswal had told that about 2500 crore people of Jharkhand are trapped in non-banking companies. Under this, about 3 lakh people are worried about their money, so the government should issue a help line number, which will know whose money is stuck.

60 thousand people helpless 

The condition of 60 thousand employees working in Sahara is bad and now these people can go to death at any time. The capital of the people of the countryside is trapped in this, due to which people are suffering. The Finance Minister said that Sahara is a listed company which is controlled by SEBI. A letter has also been sent to SEBI and Sahara chief for this. Whatever complaint is being received against Sahara, the government is looking into it. The department will make every effort to diagnose it

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Union Minister of State for Finance Pankaj Choudhary said on Monday that around 13 crore investors worth Rs 1.12 lakh crore are stuck in various units of Sahara Group. Union Minister Pankaj Chaudhary gave this information in a written reply to a question in Lok Sabha.

Where are investors’ money?

Giving this information, the Union Minister said, “Following the orders of the Supreme Court and after consultation with Justice BN Agrawal appointed by the apex court in the Sahara case, the Securities and Exchange Board of India (SEBI) has given several advertisements telling investors to withdraw money. What is the process of application for. 1.12 lakh crore rupees of about 13 crore investors are trapped in many units of Sahara.

SEBI imposed fine

Let us tell you that earlier, the market regulator SEBI has approved two companies of Sahara Group, Sahara Commodity Services Corporation Ltd. and Sahara Housing Investment Corporation Ltd. Along with Subrata Roy and three others were fined Rs 12 crore. The penalty was imposed in 2008 and 2009 for violation of regulatory norms in issuance of voluntarily fully convertible debentures. Apart from this, investors of Sahara India Parivar have also held protests for their refunds at different places continuously this year. Actually, crores of investors in the country are worried about the refund of money stuck in Sahara.

How many refunds have you received so far?

The Supreme Court ordered on August 31, 2012, after which Sahara India has deposited Rs 15,503.69 crore in ‘SEBI-Sahara Refund’ account till December 31, 2021, against the principal amount of Rs 25,781.37 crore deposited from investors. According to the information given by the Minister of State for Finance, SEBI has received 19,644 applications related to 53,642 original bond certificates / pass books for a total principal amount of Rs 81.70 crore. Of these, SEBI has refunded 48,326 original bond certificates/passbooks to 17,526 eligible bondholders totaling Rs 138.07 crore.

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For such people whose money is stuck in Sahara India, the Finance Department of the government has now issued a helpline number. Not only this, if your money is stuck in any other non-banking companies and corporative societies other than Sahara, you can still make a complaint on this number.

Government in action In fact, the Finance Department of the Government of Jharkhand has swung into action against non-banking companies and corporative societies. The government has issued a police helpline number 112 to register a complaint against them. Under this, a complaint can also be lodged for the money trapped in the Sahara India Pariwar.

After this, the Finance Department will investigate this complaint in collaboration with the CID (Economic Offenses Wing, Jharkhand). Crores of rupees of people are trapped Let us tell you that crores of rupees of people are trapped in Sahara India. In the budget session of the Jharkhand Legislative Assembly, MLA Naveen Jaiswal had told that about 2500 crore people of Jharkhand were trapped in non-banking companies. Under this, about 3 lakh people are worried about their money, so the government should issue a help line number, which will know whose money is stuck.

60 thousand people helpless

The condition of 60 thousand employees working in Sahara is bad and now these people can go to death at any time. The capital of the people of the countryside is trapped in this, due to which people are suffering. The Finance Minister said that Sahara is a listed company which is controlled by SEBI.

A letter has also been sent to SEBI and Sahara chief for this. Whatever complaint is being received against Sahara, the government is looking into it. The department will make every effort to rectify this.

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