Sebi quizzes Sahara chief, 3 directors
Mkt watchdog seeks assets info; Subrata Roy has ` 3cr only, says company
MUMBAI: The Securities Exchange Board of India ( Sebi) on Wednesday questioned Subrata Roy, managing worker and chairman of the Sahara Group, and three directors, seeking details of their assets and bank accounts.
“They presented [before Sebi] the details of their personal assets. Roy’s personal assets were around Rs3 crore only,” a Sahara Group press statement said.
Sebi had said it would seek the sale of properties across the country ranging from the posh Aamby Valley near Pune to land in Mumbai, Delhi and Gurgaon if Roy and directors Vandana Bhargava, Ravi Shanker Dubey and Ashok Roy Choudhary failed to appear before it on April 10.
On August 31, the Supreme Court had ruled that finance schemes run by Sahara Housing Investment Cor- poration Ltd (SHICL) and Sahara India Real Estate Corporation Ltd (SIRECL) were illegal and ordered them to repay Rs24,000 crore to millions of investors.
Properties of SHICL and SIRECL and the companies’ executives as well as liquid assets were ordered attached in February after Sebi said the Sahara group had defaulted on two payments to investors.
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Sahara Group chairman Subrata Roy at Sebi HQ.