Sahara Group

The Supreme said it would hear plea filed by Serious Fraud Investigation Office (SFIO) challenging the High Court order staying the investigation into nine companies related to the Sahara group.

The Supreme Court set aside a Delhi High Court order staying the Serious Fraud Investigation Office (SFIO) probe into nine companies related to the Sahara group

The Supreme Court scheduled the hearing of a plea challenging a Delhi High Court order staying the investigation into nine companies related to the Sahara Group

A bench of Justices A M Khanwilkar, J B Pardiwala passed the order while taking into account the request made by the Bihar government's counsel who said state needed time to file a counter-affidavit

The high court had also stayed the operation and implementation of two orders of the SFIO for investigation into nine companies related to the Sahara Group

The Patna High Court on Friday issued an arrest warrant against Sahara India chairman Subrata Roy after he failed to appear before it despite repeated summons

The Patna High Court on Thursday took a tough stand against Sahara India chief Subroto Roy after he did not appear before the court.

It also directed that a 'responsible officer' from the market regulator's head office at Mumbai be present in the court on March 28 to answer all the questions posed by it

Sahara maintained that more than 95 per cent of its bondholders investors have already been repaid

The regulator has issued many advertisements asking investors/bondholder to come forward and who have made their claims have already been paid, it said

The case was registered at Kakadeo police station on Sunday

The Securities Appellate Tribunal asked Sahara group firm Sahara India Commercial Corporation Ltd and its then directors including Subrata Roy to deposit Rs 2,000 crore with Sebi within four weeks.

Sahara group Chairman Subrata Roy Sahara has tested positive for coronavirus

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The CBI last week searched the residences of three officers of the Sebi in connection with the Saradha Ponzi scheme

Sahara claims SEBI's application seeking deposit of Rs. 62,602 crores from the company is wrong.

Sahara and its chief Subrata Roy have been in the spotlight recently after they got a district court to stall the release of Netflix's series "Bad Boy Billionaires" featuring Roy, among others

Sahara Group said the series has wrongly mentioned that Sahara is in the business of chit fund

Promising that every investor will be repaid, the official said in the last 10 years the group has paid maturity payment of a massive Rs 1.4 trillion to its 57.6 million investors

In June this year, rating firm CARE said it was suspending the ratings on Sahara Hospitality as it has stopped sharing its financial information with the rating firm