SC tells Sahara Group to refund Rs 17,400 cr

August 31, 2012 12:48
SC tells Sahara Group to refund Rs 17,400 cr

The Supreme Court had told the Sahara Group on Friday to refund the money which it had collected from the investors. The money amounts to a staggering figure of Rs 17,400 Crore.

The Sahara India Real Estate Corporation and the Sahara Housing Investment Corporation have been given a window of three months by the SC to make the refunds.

SEBI had also been directed to investigate against both the Sahara companies to find the actual subscriber base.

A retired apex court judge Justice B N Aggarwal was appointed by the Apex Court to oversee the probe by SEBI against the two Sahara Companies.

(AW- Anil)

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