THE SUPREME COURT ON 26 TH FEBRUARY HAS ISSUED NON-BAILABLE
ARREST WARRANTS AGAINST SAHARA GROUP CHIEF SUBRATA ROY OVER
HIS FAILURE TO APPEAR BEFORE IT TO EXPLAIN WHY TWO SAHARA GROUP
FIRMS FAILED TO OBEY THE COURT”S ORDER TO PAY RS.19000-ODD CRORE
TO MARKET REGULATOR SEBI.
THE TWO SAHARA GROUP COMPANIES,SAHARA INDIA REAL ESTATE AND SAHARA
HOUSING CORPORATION,WERE ASKED BY THE APEX COURT TO PAY RS.25000
CRORE TO SEBI LATEST BY 31ST AUGUST,2012.SEBI IN TURN,WAS SUPPOSED TO RETURN THE MONEY TO INVESTORS
This is a clear case of cheating thousands of investors by a big
Corporate and even after strong intervention by the Spreme
Court,they seldom care to comply with..